A PYMNTS Company

US: DOJ officials reportedly opposing T-Mobile-Sprint deal

By  |  April 16, 2019

T-Mobile’s proposed $26 billion merger with Sprint is facing a roadblock from the U.S. Department of Justice, according to a new report from the Wall Street Journal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Justice Department officials warned the companies that their merger isn’t likely to receive approval under the current proposal, anonymous sources told the Journal.

    The wireless carriers need sign-off from DOJ and the Federal Communications Commission to complete the merger. T-Mobile and Sprint claim that merging will increase competition with their larger rivals AT&T and Verizon. Their entreaty to regulators also claims that merging will increase American competitiveness in the next generation of wireless technology known as 5G.

    In April 2018, T-Mobile and Sprint agreed to merge and create a $146 billion company under the T-Mobile name. The companies plan to complete the merger this year if they receive regulatory approval.

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.