FCC stops the clock on T-Mobile-Sprint deal, says it needs more time to evaluate the transaction

Back in April, T-Mobile and Sprint announced a $26.5 billion merger, a long rumored deal that would combine the nation's third and four...

Back in April, T-Mobile and Sprint announced a $26.5 billion merger, a long rumored deal that would combine the nation's third and fourth largest wireless carriers. The transaction requires the approval of both the FCC and the FTC. Once the two wireless providers filed with the FCC, an informal 180 day clock started to countdown. The FCC's goal is to have its review completed and its decision announced, before or on the 180th day.

Today, the FCC requested that the 180 day clock be stopped in relation to the T-Mobile-Sprint merger. In a letter written to T-Mobile's ...

from PhoneArena https://ift.tt/2NwrCxF