T-Mobile and Sprint’s wireless merger may have just been doomed by US regulators
The colossal, industry-changing merger between US mobile providers T-Mobile and Sprint is running into significant resistance from regulators. According to The Wall Street Journal, the Department of Justice has warned both companies that their merger is unlikely to be approved as currently proposed. Antitrust concerns are said to be at the top of the DOJ’s qualms with the deal: regulators are worried that the deal could harm wireless competition despite insistence from the two carriers that it would be a boost to job creation and network evolution.
In its own corroborating report, Reuters says the DoJ has told both parties that it opposes the merger under its current structure, but that it’s “unclear” whether regulators are seeking to...