Mobile Sprint merger review delayed by FCC

Sprint T Mobile CEOs on the odds of merger approval

The Federal Communications Commission said Tuesday it needs more time to review the planned merger of T-Mobile US Inc. and Sprint Corp.

The $26 billion deal between the two U.S. wireless carriers, which would shrink the wireless market to three big players from four, is also being reviewed by the U.S. Justice Department. The companies had tried to merge twice in the past, but regulators and internal disagreements prevented it from happening.

Our interactive dashboard on what's driving T-Mobile's valuation details our expectations for the company through the rest of the year and the factors driving our valuation estimate.

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The FCC said it paused the informal "shot clock" because of a large, complex submission on benefits that the proposed merger would create and a separate submission on network expansion. It also needs to review a new business model referred to as "Build 9". "Beyond frequent time is valuable to enable for thorough group and zero.33-social gathering assessment of newly submitted and anticipated modeling relied on by the Candidates", acknowledged the letter, signed by David B. Lawrence, head of the T-Mobile/Lunge Transaction Project Force, and Donald Stockdale Chief of the FCC's Wireless Telecommunications Bureau. The Commission did not receive Build 9, and third parties did not have access to it, until September 5.

Sprint and T-Mobile in April announced a deal to form a new company and push development of a super-fast 5G network.

T-Mobile has been looking to build a narrative that the merger will be good for US wireless customers, as it creates a stronger rival to market leaders Verizon and AT&T, while also allowing the U.S.to better compete with other nations in deploying the next generation of 5G networks. The additional review time is common to FCC merger reviews and we recently supplied a large amount of data to the FCC that they want sufficient time to assess. "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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