T-Mobile, Sprint push back merger deadline
T-Mobile and Sprint are again extending the deadline to complete their proposed merger, according to a Monday filing by T-Mobile with the Securities and Exchange Commission.
The telecommunications giants now have until July 29 as they seek approval of their $26 billion deal from officials at the Justice Department (DOJ) and Federal Communications Commission (FCC). The previous deadline was this Monday.
It has been about a year since T-Mobile and Sprint announced their plan to merge.
Makan Delrahim, the top antitrust official at the DOJ, on Monday said he has not made up his mind yet about the merger between two of the nation’s four larger mobile carriers.
“I have not made up my mind,” Delrahim told CNBC. He said the DOJ is “continuing to investigate” the effects the merger could have on prices for consumers.