U.S. regulator stops the clock on review of Sprint and T-Mobile’s proposed merger

The FCC said it typically allows for additional public input after “substantial new submissions” by the applicants. The FCC said it expects to resume the “shot clock,” at the current Day 122 on April 4.T-Mobile and Sprint in separate statements called the FCC decision “a positive step” that the FCC is “so deeply engaged in understanding this transaction and our recent filing, and we completely understand their desire” to stop the clock “to fully review the merits of our merger.

Last month at a congressional hearing, House Democrats raised worries about the deal because the U.S. wireless market has just four main carriers. The industry leaders are AT&T Inc and Verizon Communications Inc. T-Mobile Chief Executive John Legere defended the deal, arguing that it will create jobs and help with the construction of the next generation of wireless networks. He said the merged company would have more capacity which would lead to a push to lower prices.

Legere and Sprint Executive Chairman Marcelo Claure will testify at another U.S. House hearing on March 12.Story continues below advertisementThe Communications Workers of America said in a statement Thursday the decision of the companies to file new analyzes of the merger suggests they “have failed to persuade regulators.” The union argues the deal will eliminate tens of thousands of jobs.

A group of eight Democratic U.S. senators and independent Senator Bernie Sanders last month urged regulators to reject the deal, saying monthly bills could rise as much as 10 percent.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. regulators warn of asbestos in Claire's makeup, company disputesU.S. regulators on Tuesday warned people not to use certain Claire's makeup products after samples tested positive for asbestos, but the retailer disputed the findings.
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »

Democrats want to investigate whether Trump interfered in AT&T-Time Warner mergerTwo House Democrats have requested records after the New Yorker reported that Trump directed an official to use the Justice Department to block the $85-billion deal globebusiness I guess next the Democrats will investigate how many sheets of toilet paper Trump uses
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »

Instant Pot maker announces merger with kitchenware giant Corelle BrandsInstant Pot, a Canadian invention, has become a smash success with home cooks looking to make fast easy meals.
Источник: VancouverSun - 🏆 49. / 61 Прочитайте больше »

SHARE NOW: Car2Go cars to go away, fleet to rebrand after BMW mergerThe popular service isn’t going anywhere, but it is changing its branding and bringing in BMW vehicles
Источник: VancouverSun - 🏆 49. / 61 Прочитайте больше »

A Liberal-NDP Merger Makes More Sense Than Ever (Blog)And it could win, if Canada's left-leaning parties learn to put outcome before ideology. Not going to happen. nope parties are too different from each other Would make sense seeing as the Liberals hijacked the NDPs platforms
Источник: HuffPostCanada - 🏆 61. / 53 Прочитайте больше »