The chief executives of T-Mobile US Inc and Sprint Corp, which are seeking to me...
WASHINGTON - The chief executives of T-Mobile US Inc and Sprint Corp, which are seeking to merge, head back to Capitol Hill on Tuesday to defend their planned $26 billion deal.
The agreement to combine the No. 3 and No. 4 U.S. wireless carriers, struck in April, was approved by both companies’ shareholders in October and has received national security clearance, but needs approval from the Justice Department and the Federal Communications Commission. To win support for the deal, T-Mobile previously said it would not increase prices for three years. Sprint said it hopes to complete the regulatory approval process by the end of June.
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