Sprint and T-Mobile told the FCC they intend to formally file an application asking for merger approval today, Reuters reports. If so, that would be fast on the heels of AT&T closing its acquisition of Time Warner, which was announced Thursday night.
Sprint and T-Mobile filed a document to the Commission asking for a protective order to hide proprietary information from public view, according to Reuters. The two carriers announced an all-stock $26 billion deal in April. Neither carrier immediately responded to a request for comment.
The AT&T-Time Warner closing announcement came two days after a judge ruled that the deal does not violate antitrust laws. The Department of Justice said it wouldn’t seek a stay to stop the merger, however it could still appeal the decision, reports CNN. A DOJ spokesman said: “We are still evaluating options.”
June 18, 2018