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T-Mobile and Sprint have postponed the deadline to complete their merger project.
Josh Miller / CNET
Sprint and T-Mobile postponed their proposed $ 26 billion merger by three months, while rumors have it that their merger is lagging behind.
T-Mobile announced Monday in a document filed with the US Securities and Exchange Commission that the two companies had agreed to extend the deadline for completion of the merger project to July 29. The previous deadline was Monday.
Mobile phone providers # 3 and # 4 are trying to get approval for their merger from the Department of Justice and the Federal Communications Commission, but the effort may be problematic. Top T-Mobile and Sprint executives spent most of the month in Washington meeting with the FCC and the Department of Justice to convince them that the merger is necessary to allow companies to compete effectively with Verizon and AT & T, who control more than 70 companies. % of the wireless market.
In an interview with CNBC, Makan Delrahim, head of the Antitrust Division of the Justice Ministry, said the meetings were being held while the regulators were reviewing the agreement.
"I have not made a decision," he told CNBC. "The investigation is continuing. We asked companies to provide us with data. We do not have a specific number of meetings or timelines.
"If we can challenge a transaction or suggest changes, we will do it," he said, adding that the division was considering the argument that the merger would allow the merged company to produce faster. next-generation wireless services.
The deal, announced a year ago on Monday, comes at a time when US carriers are striving to win your business, with offers such as unlimited data and free gifts such as access to Netflix. The sprint is still give a year of service for free. These competitive pressures drove T-Mobile and Sprint together. And while the leaders of both companies promise lower prices and better service, consumer groups and badysts remain skeptical.
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