U.S. antitrust scrutiny tests T-Mobile's $26 billion bet on Sprint [Reuters]
Verizon Communications Inc. (VZ)
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Source: Reuters
U.S. antitrust scrutiny tests T-Mobile's $26 billion bet on Sprint - Reuters 5 Min Read (Reuters) - T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious. Growing skepticism from the U.S. Department of Justice’s antitrust staff over the impact of the merger on competition in the market will test the resolve of the companies to complete the deal that would see the top U.S. wireless carriers shrink to three from four. While the Department of Justice has yet to reach a decision on whether to approve the deal, it is pushing Sprint and T-Mobile for evidence that the merger would be in the interest of U.S. consumers, people familiar with the matter said this week. The deal would be the third major attempt in less than a decade to consolidate the U.S. wireless market, after AT&T Inc’s $39 billion deal to buy T-Mobile in 2011 was blocked, and Sprint and T-Mobile abandon
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