The U.S. Federal Communications Commission said on Thursday it has halted the in...
WASHINGTON - The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day “shot clock” on the review of the merger of wireless providers Sprint Corp and T-Mobile US Inc to give the public three additional weeks to comment on the $26 billion tie-up.
The FCC said the decision was made after the third- and fourth-largest U.S. wireless carriers had filed significant additional information on their network integration plans for 2019-2021 and other new information on the merger. T-Mobile and Sprint in separate statements called the FCC decision “a positive step” that the FCC is “so deeply engaged in understanding this transaction and our recent filing, and we completely understand their desire” to stop the clock “to fully review the merits of our merger.
T-Mobile Chief Executive John Legere defended the deal, arguing that it will create jobs and help with the construction of the next generation of wireless networks. He said the merged company would have more capacity which would lead to a push to lower prices.
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