Seeking Alpha

Sprint expects lengthy review for T-Mobile takeover

  • Sprint (NYSE:S) Chairman Masayoshi Son is facing higher lending fees for financing the purchase of T-Mobile (NYSE:TMUS), as lenders are expecting a lengthy approval process.
  • As of now, the plan includes a drop-dead date of 18 months after the deal’s announcement - at which point it could be terminated. That deadline could also be extended.
  • The Sprint takeover review can take at least a year to evaluate, and may not even be approved by regulators insisting on preserving four competitors in the U.S. wireless market. The DOJ previously sued AT&T in 2011 to block its effort to acquire T-Mobile.
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