Federal anti-trust staff want to block T-Mobile-Sprint merger, report says
Despite Monday’s raucous cheerleading from republican members of the Federal Communications Commission, the federal justice department is moving toward blocking T-Mobile’s proposed takeover of Sprint. According to a Reuters report, a staff review has concluded that allowing the two companies to combine, thereby reducing the competitive landscape from four nationwide mobile carriers to three, would do too much damage to the telecoms marketplace…
… MoreThe U.S. Justice Department’s antitrust division staff has recommended the agency block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter…
The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim…
One critic of the deal, Gene Kimmelman, president of Public Knowledge, the nonprofit public interest group, said top brass in the Justice Department’s antitrust division do not generally overrule the staff but they occasionally do.