"Beyond frequent time is valuable to enable for thorough group and zero.33-social gathering assessment of newly submitted and anticipated modeling relied on by the Candidates", acknowledged the letter, signed by David B. Lawrence, head of the T-Mobile/Lunge Transaction Project Force, and Donald Stockdale Chief of the FCC's Wireless Telecommunications Bureau.
This is because the two companies recently submitted new materials to the FCC and it needs time to go through those materials before approving this deal.
Today we are pausing the Commission's informal 180-day transaction shot clock in this proceeding. Essentially, because it is larger and more complex, the FCC needs more time to review it.
Bellevue-based T-Mobile and Sprint say consumers will benefit from a faster network even as their deal reduces from four to three the number of national competitors in the USA wireless market.
T-Mobile and Sprint have "extended" a network engineering model that was originally submitted as a backup plan. First, on September 5, 2018, the Applicants submitted a substantially revised network engineering model.
Fifty-five days into the 180-day shot clock of its review of the T-Mobile and Sprint merger, the FCC has hit the pause button. Also Nasdaq.com published the news titled: "T-Mobile US, Inc.to Present at the Goldman Sachs 27th Annual Communacopia Conference in New York, NY" on September 07, 2018. "This new economic modeling will also require additional time for review".
T-Mobile and Sprint responded, saying they understood the need to stop the clock. "We are confident that this transaction is pro-competitive, good for the country and good for American consumers", it said.
Both T-Mobile and Sprint have been takeover targets by other telecom providers in recent years, but government regulators have resisted the deals that would have reduced the "big four" wireless companies to a big three.