Justice Department a Potential Obstacle to T-Mobile-Sprint Merger
Sprint and T-Mobile have said the merger is necessary to compete with their bigger rivals.
Sprint and T-Mobile have said the merger is necessary to compete with their bigger rivals.
CenturyLink was required to divest the assets by the U.S. Justice Department.
Tom Wheeler also noted that two additional merger conditions would bolster Internet regulations that took effect earlier this year.
Regulators don’t appear to have serious concerns with the deal, according to a report.
FCC Chairman Tom Wheeler said Comcast’s decision to drop its bid for Time Warner Cable was in consumers’ best interests.
Sprint Corp. executives faced resistance from Justice Department antitrust officials to a potential acquisition of T-Mobile, according to Bloomberg. A merger with T-Mobile would allow more aggressive competition with larger rivals Verizon Wireless and AT&T Inc.
Verizon’s sale of the licenses is contingent on regulatory approval of its acquisition of spectrum from U.S. cable companies.
The Justice Department filed a settlement agreement in federal district court, paving the way for Verizon Wireless to purchase $3.9 billion in spectrum and enter into a number of other agreements with U.S. cable companies.
Verizon Wireless has said it’s purchasing spectrum from Bright House Networks, Comcast, Cox and Time Warner Cable to meet the skyrocketing demand for mobile broadband services thanks to Americans’ insatiable appetite to be connected at all times.
Several critics of the merger are expected to weigh in with the FCC in the coming months.
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