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

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

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

T-Mobile also provided extra economic modeling that responded in part to petitions to deny the deal.

The two firms had previously called off merger talks after failing to clinch mutually agreeable terms.

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T-Mobile got its paperwork in late, so it may know already that it will take longer for the FCC to make a decision. The companies had tried to merge twice in the past, but regulators and internal disagreements prevented it from happening. Similarly, a business model titled "Build 9" that was also submitted September 5 needs further review, the FCC said. The Commission did not receive Build 9, and third parties did not have access to it, until September 5. Act Ii Management Lp who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $55.87 billion market cap company. The combined company has claimed, among other things, that it will have an edge over its competitors as it builds out a 5G network.

The FCC sets a goal of completing merger reviews in 180 days, and can pause the countdown clock enumerating those days as it seeks clarifications or more information.

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The FCC said Tuesday it was pausing the review clock - now at Day 55 - because the two companies had submitted new information including a "substantially revised" network engineering model, a new business model and additional economic modeling. "We are confident that this transaction is pro-competitive, good for the country and good for American consumers", the company said.

T-Mobile John Legere and Sprint's Marcelo Claure at the press conference announcing the merger. "Beyond frequent time is valuable to enable for thorough group and zero.33-social gathering assessment of newly submitted and anticipated modeling relied on by the Candidates", acknowledged the letter, signed by David B. Lawrence, head of the T-Mobile/Lunge Transaction Project Force, and Donald Stockdale Chief of the FCC's Wireless Telecommunications Bureau.

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