USA to take longer to mull Sprint merger with T

USA to take longer to mull Sprint merger with T

"Finally, T-Mobile recently disclosed that it intends to submit additional economic modeling in support of the Applications, beyond that strictly responsive to the various economic analyses in the Petitions to Deny".

Among 7 analysts covering Sprint (NYSE:S), 1 have Buy rating, 0 Sell and 6 Hold.

The Federal Communications Commission has paused the 180-day clock on its review of the T-Mobile and Sprint merger to give it more time to examine the transaction.

Lunge and T-Mobile launched in April they'd agreed to an all-stock merger price $26 billion, with T-Mobile CEO John Legere to bewitch management of the mixed company, to be known as "Fresh T-Mobile".

The companies had unsuccessfully tried to merge in 2014 and 2017, with regulators stopping the first attempt and disagreement over how much control the companies would have nixing the deal on the second attempt. Similarly, a business model titled "Build 9" that was also submitted September 5 needs further review, the FCC said.

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To review the new materials, the commission is pausing an "informal" 180-day shot clock to rule on the merger. It also needs to review a new business model referred to as "Build 9". The Commission did not receive Build 9, and third parties did not have access to it, until September 5.

"The additional review time is common to FCC merger reviews", the company said in a statement.

The carriers want to merge and form one larger company that can compete against Verizon and AT&T, which are both bigger than T-Mobile and Sprint. The combined company has claimed, among other things, that it will have an edge over its competitors as it builds out a 5G network.

The proposed merger of T-Mobile and Sprint won't happen anytime soon. "We are confident that this transaction is pro-competitive, good for the country and good for American consumers, and we look forward to continuing to work with the FCC as they evaluate our plans".

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