Sprint headlines: T-Mobile, Sprint merger may not clear the Justice Department: WSJ

From USA TODAY:

The merger of the No. 3 and No. 4 wireless companies, T-Mobile and Sprint, could be in jeopardy of falling through.

According to the Wall Street Journal, quoting unnamed sources, lawyers for the Justice Department told the companies it was unlikely their $26 billion merger would be approved.

Verizon is the No. 1 wireless carrier, with a 34.4% market share, followed closely by AT&T at 33%, 17.9% for T-Mobile and 13.5% for Sprint, according to a recent study by Georgetown University.

The final word on a merger rests with agency leadership, not staff, so Sprint and T-Mobile could see their combined company happen, but a staff recommendation against it isn’t a positive sign.

Continue reading T-Mobile, Sprint merger may not clear the Justice Department: WSJ on USA TODAY

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