FCC needs more time to review T-Mobile and Sprint merger

FCC stops the clock on T-Mobile-Sprint deal says it needs more time to evaluate the transaction

FCC needs more time to review T-Mobile and Sprint merger

In a letter, the agency said it paused an 180-day transaction clock at day 55 because it needed more time to review recently submitted materials in support of the $26 billion merger.

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.

The 180-day clock, the FCC letter acknowledged, "will stay stopped until the Candidates dangle accomplished the file on which they intend to rely and an cheap time-frame has handed for.group and zero.33-social gathering assessment".

Palestra Capital Management Llc decreased T Mobile Us Inc (TMUS) stake by 18.62% reported in 2018Q1 SEC filing.

The newly-provided network engineering model is significantly larger and more complex than the engineering submissions already in the record. They are the third and fourth largest wireless carriers in the United States based on subscribers.

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"On September 5, 2018, the applicants submitted a substantially revised network engineering model", Lawrence said.

"Further, in an August 29, 2018 exparte meeting, T-Mobile executives Mike Sievert and Peter Ewens described T-Mobile's reliance on a business model, titled Build 9, ' which apparently provides the financial basis for the projected new network buildout".

The Federal Communications Commision needs more time to consider whether to approve a multibillion-dollar merger between Sprint and T-Mobile.

What just happened? The merger between T-Mobile and Sprint will take a bit longer to get the green light from the FCC. "We are confident that this transaction is pro-competitive, good for the country and good for American consumers, and we look forward to continuing to work with the FCC as they evaluate our plans".

The FCC only obtained both the new engineering model and Build 9 on September 5.

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