April 16, 2019
report us doj unlikely to approve sprint tmobile merger
Sprint and T-Mobile are in the final stages of a merger, nearing completion. Following extensive periods of review periods by regulators and a grueling hearing before a committee of US Representatives, a new report from The Wall Street Journal says the outcome isn’t so bright.
According to people familiar with the matter, staff members of the US Department of Justice have already told T-Mobile and Sprint that the merger isn’t likely to be approved in its current state. The cause is apparently the DOJ’s antitrust division, who is worried about the impact of the industry when four major…