U.S. antitrust chief says has not made up mind on Sprint, T-Mobile merger


FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) – Makan Delrahim, the head of the U.S. Justice Department’s Antitrust Division, said on Monday that there had been no decision made on whether to approve the merger of Sprint and T-Mobile but that meetings on the matter continued.

“I have not made up my mind,” he said in an interview with CNBC. “The investigation continues. We’ve requested some data from the companies that will be forthcoming. We don’t have a set number of meetings or a time line.”

Separately, the two companies said on Monday that they had extended the deadline for completing the deal to July 29.

In addition to the Justice Department, the Federal Communications Commission must approve $26 billion deal.

Reporting by Diane Bartz; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.

Read the rest of this post here

Read the rest of this post here