U.S. Justice Department tells T-Mobile, Sprint it has concerns about merger deal: sources

- The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their proposed $26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made.

The deal had been criticized by consumer advocates and some lawmakers because it would reduce the number of national wireless carriers available to consumers to three from four. T-Mobile US Chief Executive John Legere was in Washington on Tuesday and has meetings later this week at the FCC, two people briefed on the matter said.

The agreement to combine the carriers, struck in April 2018, was approved by both companies’ shareholders in October and has received national security clearance, but still needs approval from the Justice Department and FCC. A number of state attorneys general are also reviewing the deal.Executives from both companies faced tough questions from lawmakers in February about how the companies’ planned merger would affect prices and jobs, especially in rural America.

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แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

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Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structuredSounds like a buying opportunity?
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »