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Wednesday, April 17, 2019

Justice Department reportedly warns T-Mobile and Sprint that merger approval is unlikely

The colossal, industry-changing merger between US mobile providers T-Mobile and Sprint is running into significant resistance from regulators. According to The Wall Street Journal, the Department of Justice has warned both companies that their merger is unlikely to be approved as currently proposed. Antitrust concerns are said to be at the top of the DOJ’s qualms with the deal: regulators are worried that the deal could harm wireless competition despite insistence from the two carriers that it would be a boost to job creation and network evolution.

The $26 billion deal already faces strong pushback from Democratic lawmakers, who recently urged against it in a letter to FCC chairman Ajit Pai and staffers at the DOJ’s antitrust division —...

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Source:
The Verge - Tech Posts

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