Sprint shares swing wildly as regulators send mixed messages on T-Mobile merger

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Sprint shares were briefly halted Monday after the company received mixed signals from different federal agencies about its proposed merger.

Key Points

Federal Communications Commission Chairman Ajit Pai says Monday he plans to recommend the agency approve the $26.5 billion merger, The Associated Press reports earlier in the day. John Legere, chief executive officer and president of T-Mobile US Inc., left, gives two thumbs-up as Marcelo Claure, chief executive officer of Sprint Corp., listens during an interview on the floor of the New York Stock Exchange in New York, U.S., on Monday, April 30, 2018.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FCC Chairman Recommends Approval of T-Mobile-Sprint MergerFCC Chairman Ajit Pai said he would back the $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions. And the moon is made of cheese ! The gummint needs to get out of picking winners and losers; not smart enough and unintended consequences win every time.
Source: WSJ - 🏆 98. / 63 Read more »

Sprint And T-Mobile Get Closer To A Merger. What Would It Mean for Customers?Finally! We need to see this merger go thru to create a viable competitor in the wireless market. What’s a cartel consolidating into a monopoly 'FCCChairman Ajit Pai said he would approve a merger between Sprint and TMobile Monday, as long as the companies promise to deploy a 5G network covering 97% of the country’s population...' SayNo5G! 5G = HealthRisk & EarthRisk STOP5GNOW! GetTheFacts! GREED! FCC
Source: Forbes - 🏆 394. / 53 Read more »

Sprint And T-Mobile Get Closer To A Merger. What Would It Mean for Customers?Let's just make sure it's legit 5G first because those offering it right now, it's more like 4.5G. Also I think I speak for everyone when I say these data plans are laughably bad. You can't give us smart phones that have 100 apps that access Internet and offer data cap plans. How many lost job? Consolidation!
Source: Forbes - 🏆 394. / 53 Read more »

Sprint And T-Mobile Get Closer To A Merger. What Would It Mean for Customers?This whole process is like watching a 10 yr long distance relationship. On again off again...all the time. Hard to keep up
Source: Forbes - 🏆 394. / 53 Read more »