Regulatory agency temporarily halts review of T-Mobile-Sprint merger

T-Mobile's purchase of Sprint for $26.5 billion awaits both FCC and DOJ approval before the deal is allowed to close. The FCC typically...

T-Mobile's purchase of Sprint for $26.5 billion awaits both FCC and DOJ approval before the deal is allowed to close. The FCC typically gives itself 180 days to review a merger that is under its purview. That informal so-called "shot clock" was halted once in September when the FCC said that it needed more time to review additional documents provided by the two wireless providers. After the clock restarted on December 4th at day 55, it was frozen again in January when the federal government was shutdown. When the shutdown ended, the clock started running again.

For ...

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