Monday, 22 October, 2018

U.S. FCC pauses review of T-Mobile, Sprint merger

FCC pauses 180-day shot clock on its review of T-Mobile-Sprint merger T-Mobile Sprint merger review delayed by FCC
Katie Ramirez | 14 September, 2018, 11:30

The FCC wrote a letter to Sprint and T-Mobile on Tuesday, stating that it was pausing the informal 180-day clock for reviewing mergers, as it needs more time to review the proposed deal.

T-Mobile, the fastest-growing of the four major US wireless companies thanks to low prices and features such as free video, needs approval from the FCC and Justice Department for the Sprint deal.

The two companies have complementary spectrum holdings that would help it rollout a robust 5G network, which would spur increased investment and deployment by its larger competitors, T-Mobile CEO John Legere and Sprint executive chairman Marcelo Claure told senators in June.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. The FCC wants to gather more information about the potential effects of the deal.

Each of three separate developments require more time.

More news: RIP iPhone: Apple discontinues its flagships

T-Mobile and Sprint have "extended" a network engineering model that was originally submitted as a backup plan.

"This day we are pausing the Price's informal 180-day transaction shot clock in this persevering with". Moreover, the Applicants asserted that this is now the "engineering model on which they rely in support of this transaction". Essentially, because it is larger and more complex, the FCC needs more time to review it. It appears to incorporate new logic, methodologies, facts, and assumptions, on a subject central to the Applications-the transaction's claimed network benefits. "This new economic modeling will also require additional time for review". This business model is described as providing the financial basis for the projected new network buildout. Both submissions were received on September 5.

"Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and anticipated modeling relied on by the Applicants", the commission wrote in a letter to the companies. Build 9 therefore requires further review.

T-Mobile said in a statement that it looked forward to working with the FCC in the review process.

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