Sprint Dips After FCC Delays Merger With T

Sprint Dips After FCC Delays Merger With T

Additionally, it needs more time to review a business model referred to as "Build 9", which provides the financial basis for the projected new network buildout.

The FCC said it was pausing the informal 180-day review clock, now at day 55, because of two new and complicated submissions from the companies and a third submission that the FCC has not yet received.

A "substantially revised" network engineering study submitted September 5 "is significantly larger and more complex than the engineering submissions already in the record", the agency said in a letter to the companies that it distributed by email on Tuesday. It appears to incorporate new logic, methodologies, facts, and assumptions, on a subject central to the Applications-the transaction's claimed network benefits.

"We appreciate that the FCC is taking the time necessary to fully understand the merits of the T-Mobile and Sprint merger", Sprint and T-Mobile said in a joint statement. Accordingly, the Commission and third parties will require additional time to review it. Also Nasdaq.com published the news titled: "T-Mobile US, Inc.to Present at the Goldman Sachs 27th Annual Communacopia Conference in New York, NY" on September 07, 2018.

The merger is also under review by the US Department of Justice. Build 9 therefore requires further review. The FCC wants to gather more information about the potential effects of the deal.

The Commission has a strong interest in ensuring a full and complete record upon which to base its decision in this proceeding. "The additional review time is common to FCC merger reviews and we recently supplied a large amount of data to the FCC that they want sufficient time to assess".

The FCC says that its 180-day shot clock will remain paused until T-Mobile and Sprint have submitted all the documents that they intend to rely on and a "reasonable period of time" has passed for the FCC and third-party review. The commission will then decide if the deadline needs to be extended.