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 — and the telecommunications companies just opted to extend the deadline an extra month.
On Monday, T-Mobile and Sprint announced a deadline extension for the $26.5 billion merger in a filing with the Securities and Exchange Commission. The two companies will now have until July 29th to convince officials at both the FCC and DOJ to approve the transaction that would combine the third and fourth largest telecommunications companies in the country into one.
Makan Delrahim, who heads the antitrust division of the Justice Department, says that he had not decided...
from The Verge - All Posts http://bit.ly/2WdTNm3
via IFTTT
EmoticonEmoticon