T-Mobile and Sprint started the day with very good news when FCC chairman Ajit Pai said he would urge the commission to approve their industry-transforming merger. Stocks of both companies soared soon after. But only a few hours later Bloomberg reports that a source close has said the department is not convinced that the T-Mobile/Sprint […]
Last April, T-Mobile and Sprint announced their plans to merge, yet one year later neither the US Federal Communications Commission nor the Justice Department have approved the deal. T-Mobile US Inc and Sprint Corp on Monday extended the deadline for completing their proposed $26 billion deal to July 29 as the U.S. Justice Department’s Antitrust […]