The Federal Communications Commission (FCC) has paused the informal 180-day transaction ‘shot-clock’ relating to its review of the proposed merger between T-Mobile US and Sprint for the second time since the transaction was submitted for regulatory approval on 18 July 2018. The previous stoppage occurred between September and December last year.
The watchdog notes that the two companies have provided officials with ‘significant additional information regarding their network integration plans for 2019-2021, an extension of their previously filed merger simulation analysis to cover the years 2019-2021, and additional information regarding their claims related to fixed wireless broadband services.’ The clock was stopped on 7 March and interested parties may submit comments until 28 March. The clock will resume – at Day 122 – on 4 April.
As previously reported by TeleGeography’s CommsUpdate, in April 2018 T-Mobile and Sprint entered into a definitive agreement to merge in an all-stock transaction. They seek to create a company which will be 41.7% owned by T-Mobile’s parent Deutsche Telekom (DT, which would have overall control) and 27.4% owned by Sprint parent SoftBank Group Corp, with the remaining 30.9% in free float.