A planned merger between two of the US's largest telecoms companies has run aground after DOJ concerns seemed to scuttle Sprint and T-Mobile's plans.
A planned merger between two of the largest telecom companies in the US has run into trouble after antitrust concerns seemed to scuttle Sprint and T-Mobile's plans.a report from The Wall Street Journal
suggested that Department of Justice antitrust officials had concerns about the current structure of the deal which could present a threat to market competition. T-Mobile shares were down 4.2% as of 7:10 a.m. ET. The all-stock deal between the US's third and fourth largest telecom companies by subscribers is under scrutiny for the perceived efficiencies the merged firm would have,
While the discussions aren't necessarily the death knell for a potential merger, its a sign that authorities are wary of the carrier's deal as they seek to break the dominance of massive rivals Verizon and AT&T.
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