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US: Uncertain T-Mobile, Sprint deal already seeing hurdles

 |  January 29, 2014

While a potential merger between US wireless firms T-Mobile and Sprint remains unconfirmed, reports say the deal is already meeting regulatory resistance from the US Department of Justice.

According to a source, Sprint parent company SoftBank met with DOJ officials to pitch the possible deal, which would combing the nation’s third- and fourth-place wireless contenders. But according to that source, the DOJ was unconvinced that the acquisition would allow the new company to more aggressively compete with giants AT&T and Verizon.

SoftBank is said to be in talks with T-Mobile owner Deutsche Telekom about a merger, but reports say any deal could take months to reach.

Full Content: Bloomberg

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