FCC PAUSES RE­VIEW OF T-MO­BILE-SPRINT MERGER

USA TODAY International Edition - - MONEY -

MONEYLINE

The Fed­eral Com­mu­ni­ca­tions Com­mis­sion has paused the 180-day clock on its re­view of the pro­posed T-Mo­bile and Sprint merger, giv­ing the reg­u­la­tor more time to ex­am­ine the deal. The FCC typ­i­cally ap­proves or de­nies merg­ers and other trans­ac­tions within 180 days from the dates when it is of­fi­cially no­ti­fied of the deals. T-Mo­bile, the na­tion’s No. 3 wire­less provider, and No. 4 Sprint an­nounced the merger April 29. The com­bined com­pany would be val­ued at $146 bil­lion with more than 90 mil­lion cus­tomers and would be bet­ter sit­u­ated to com­pete with in­dus­try lead­ers AT&T and Ver­i­zon, the com­pa­nies say.

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