FCC Says It Needs More Time To Review T-Mobile, Sprint Merger

The FCC says it needs more time to review the proposed Sprint-T-Mobile deal, the agency said in a letter to the companies Tuesday. According to CNBC, "The agency has paused an 'informal' 180-day transaction clock 'to allow for thorough staff and third-party review' of recently submitted materials." From the report: Sprint and T-Mobile have gone down a rocky road to a merger, calling off and resuming talks. The companies announced that they would merge last April in a bid to cut costs and combine forces to develop a next-generation network called 5G, which would provide faster speeds, more capacity and lower response times. But the companies could encounter hurdles to gaining regulatory approval for the tie-up. A deal between T-Mobile and Sprint, who are the third largest and fourth largest wireless carriers in the United States by subscribers, previously faced opposition from antitrust regulators under President Barack Obama's administration.

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[h33t l4x0r]

They're waiting for a bigger bribe.

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[account_deleted]

Comment removed based on user account deletion

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[Snotnose]

Someone competent needs to start reviewing the merger plans of these companies...any company. It is, by default, anti-competitive behavior and suspect in a free market.

They have. They have been shouted down for at least since Clinton allowed the merger of 2 large oil companies. I remember that one because I used to think the D's would protect us from this shit, but Clinton took the donations and gave it a free pass.
/ Monica prolly had his cock in her mouth at the time
// #metoo is about 30 years too late
// fewer competition -> fewer consumer choices -> higher prices, no brainer

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[h33t l4x0r]

Actually, bigger oil companies can negotiate better with OPEC. It's not remotely the same situation as with Telcos.

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[Solandri]

It is, by default, anti-competitive behavior and suspect in a free market.

Mergers aren't anti-competitive by default.

• If one or both of the merging companies would otherwise have gone bankrupt, then it's not anti-competitive. The merger just redistributes the company's assets before bankruptcy, instead of after (assets are sold off). In other words, the merger accomplishes the same thing as a bankruptcy, except with less disruption to the market, creditors, stockholders, employees, and customers.
• If nei

I guess reese's pieces check bounced

[Revek]

Lets face it that dingle berry only approves if he get paid.

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[Frank Burly]

You lack imagination. Maybe he shorted them.