The Justice Department might kill T-Mobile and Sprint’s merger despite likely FCC approval [The Verge]
Verizon Communications Inc. (VZ)
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Source: The Verge
The Justice Department might kill T-Mobile and Sprint’s merger despite likely FCC approval and Sprint started the day with very good news when FCC chairman Ajit Pai said he would urge the commission to approve Bloomberg Justice Department remains unconvinced Citing a person familiar with the DoJ’s ongoing merger review, Boost will also be sold off But the Justice Department’s antitrust division is the crucial hurdle — and a bigger one than the FCC in this case — that and Sprint must overcome if they want to see the $26.5 billion merger through. Those same conditions that Pai found acceptable might not be enough to get a stamp of approval from antitrust officials. Trading of Sprint’s stock was briefly halted for volatility on Monday afternoon after Bloomberg’s Both and Sprint say their coming together is critical for the United States to be a leader in 5G mobile networking and to present a more formidable competitor to larger rivals Verizon Wireless and AT&T. Critics maintain that
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