Sprint and T-Mobile Win Critical FCC Support for Merger; Odds of Approval Edge Higher
T-Mobile and Sprint have formally made a series of commitments to the Federal Communications Commission, winning FCC Chairman Ajit Pai’s support and likely assuring the FCC will sign off on the firms’ planned merger. Justice Department approval, which is rooted in antitrust law rather than a public interest standard, remains the biggest hurdle for the deal. The odds of merger approval have certainly increased with this development but remain far from 100%, in our view. We are moving the odds of ...Sprint is a holding company. Through its subsidiaries, the company is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. The company has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize the company's network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
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