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T-Mobile and Sprint's $26 Billion Merger Proposal Deadline Delayed Once Again

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It has already been a year since T-Mobile and Sprint confirmed their plans to merge. But despite this, the two are still awaiting for the decision from the US Federal Communications Commission (FCC) and the Department of Justice (DOJ). With the delay, the two companies have decided to extend the deadline for another month.

Earlier this week, T-Mobile and Sprint announced a new deadline for the proposed $26.5 billion merger. The two wireless providers have until July 29th to change the minds of officials from the FCC and DOJ. They have to convince to approve the proposal to merge the third and fourth largest telecommunications companies into one.

The DOJ's head of Antitrust Division, Makan Delrahim, commented that he has not yet made a decision on whether to approve the deal or not. Delrahim shared that they are continuing the investigation by requesting data from both companies. He also shared that there is no set number of meetings or a timeline.

One of the largest groups against the merger, the 4Competition Coalition, has released a statement following the one-year anniversary of the proposed merger. "In the year since T-Mobile and Sprint announced plans to merge, they have failed to show that this deal is in the public interest and complies with the antitrust law. The companies seems to believe PR and spin will carry the day, but we believe that, based on the facts and the law, this proposed merger should be blocked."

The group consists of almost two dozen consumer advocacy groups such as Open Markets Institute, Fight for the Future, and Communications Workers of America.


Source: The Verge  

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2 comments:

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  1. Eee WestchesterMay 1, 2019 at 3:13 AM

    They both have not ponied up enough yet to get the AOK yet...money talks. Noboxy walks. 😊🇺🇸😊

    ReplyDelete
  2. I'm glad. We need competitive pricing.

    ReplyDelete
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