UltimaKilo
Gold Member
WASHINGTON (Reuters) - T-Mobile US Inc and Sprint Corp on Monday extended the deadline for completing their proposed $26 billion deal to July 29 as the U.S. Justice Department’s Antitrust Division chief said he had not decided whether to approve the transaction.
T-Mobile announced the extension in a filing to the U.S. Securities and Exchange Commission. The previous deadline had been Monday. The companies are working to win approval from the U.S. Justice Department and Federal Communications Commission.
Sprint, T-Mobile push back deadline to complete merger
T-Mobile US Inc and Sprint Corp on Monday extended the deadline for completing their proposed $26 billion deal to July 29 as the U.S. Justice Department's Antitrust Division chief said he had not decided whether to approve the transaction.
www.reuters.com
I really hope this gets approved, Sprint has one quarter of positive growth to every three negative and not enough capital to significantly compete. This deal could finally end the duopoly and a rare occasion when such a merger could benefit the consumer.