T-Mobile and Sprint have again extended their deadline to complete their proposed transaction. They now have until July 29 to get approval of their $26 billion deal from the Department of Justice and the FCC, according to a filing with the Securities and Exchange Commission.
The previous deadline was Monday, April 29.
It’s been a year since the two carriers announced their plan to merge into the “New T-Mobile.”
Makan Delrahim, the top antitrust official at the DOJ, said Monday he’s not yet made up his mind about the deal. He told CNBC, the DOJ continues “to investigate” the effects the deal could have on consumer prices. “We’ve requested some data from the companies that will be forthcoming. We don’t have a set number of meetings or a timeline,” Delrahim said. Comments? Email Us.
May 1, 2019