FCC Tells Sprint & T-Mobile It Needs More Time To Review Deal

FCC Tells Sprint & T-Mobile It Needs More Time To Review Deal

Lunge and T-Mobile launched in April they'd agreed to an all-stock merger price $26 billion, with T-Mobile CEO John Legere to bewitch management of the mixed company, to be known as "Fresh T-Mobile".

The Federal Communications Commission issued a letter on Tuesday stating that it needs more time to review the proposed merger between the two telecommunication companies.

Referring to an "informal shot clock" of 180 days in which to assess the pros and cons of T-Mobile US and Sprint permanently hooking up, the FCC announced in a letter that it is being paused. "Additional time is necessary to allow for thorough staff and third-party review of newly submitted and anticipated modeling relied on by the Applicants".

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Each of three separate developments require more time. Submissions up for review include a large, complex document detailing the benefits a deal would create, information about network expansion plans and an economic modeling report.

The commission told the carriers' counsel that it had received papers and guidance primarily from T-Mobile within the past two weeks that marked departures from previous statements regarding network engineering models and network buildout funding. Moreover, the Applicants asserted that this is now the "engineering model on which they rely in support of this transaction". He says it appears to incorporate new logic, methodologies, facts, and assumptions, something that can't be reviewed quickly. The FCC says that it didn't get Build 9 until September 5th. Build 9 therefore requires further review. It will take time to evaluate, understand the relationships between, and prepare responses to these models. Fool.com's news article titled: "T-Mobile Is Copying AT&T's TV Strategy" with publication date: September 11, 2018 was also an interesting one.

The Commission has a strong interest in ensuring a full and complete record upon which to base its decision in this proceeding.

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