There appears to be movement at the
FCC concerning the proposed T-Mobile merger with Sprint. Representatives
from both carriers met Thursday with FCC officials for hours, an
indication the deal has reached a critical stage.
Those with direct knowledge of the matter tell Fox the meeting is seen by those inside the companies as positive for a deal that has run into regulatory snags.
Government officials and citizen groups have been concerned consumer prices would rise and jobs lost if the deal goes through.
But the talks were described as
constructive and involved possible proposals by the company to sell off
business or make other arrangements to gain regulatory approval, sources
told Fox.
New Street Research analyst Jonathan Chaplin had been skeptical of the
deal’s clearance until word of the Commission meeting began circulating.
Chaplin told Fox: “Up through [recently] we were bearish on
the merger getting approved; now we are closer to giving the merger a
fifty-fifty chance of going through.” Continue Reading
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