T-Mobile suffered a significant setback in its bid for regulatory approval of its takeover of Sprint after failing to win over the Department of Justice (DOJ) with a remedy package, putting pressure on the companies to offer more concessions.
The 63-page filing by T-Mobile the week fo March 4 was meant to demonstrate that its purchase of rival Sprint is in the public interest.
The Federal Communications Commission paused its review of T-Mobile's proposed purchase of Sprint, adding to an already protracted battle to win approval to combine the third- and fourth-largest US wireless providers.
CTIA, a trade group representing top US wireless providers, disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei.
T-Mobile is offering a revised rationale for buying Sprint, a turn that critics say is a sign the carrier’s earlier arguments weren’t winning over US officials who can bless or kill the deal.
Sprint is unable to recover from crippling losses and has told regulators its purchase by T-Mobile would set up a stronger competitor to wireless leaders AT&T and Verizon.
Washington officials once dazzled by the swashbuckling entrepreneurs of Silicon Valley are now openly questioning the freedom they’ve bestowed on Facebook, Twitter, and Google.
Sinclair Broadcast Group’s bid to purchase Tribune Media hinges on spinning off TV stations to comply with US limits on broadcast ownership.
Federal Communications Commission Chairman Ajit Pai is said to be planning a vote in July on limits to how many TV stations a company can own, rules he has said are too restrictive and that could factor into Sinclair Broadcast Group’s planned purc
Asked at a news conference if he or his staff had had any conversations with representatives from AT&T while the company was paying Michael Cohen for insights into the new administration, including reportedly on net neutrality, President Donal