Shutdown puts Sprint/T-Mobile deal on hold, again

|About: Sprint Corporation (S)|By:, SA News Editor

With the FCC joining in the government shutdown, the agency has paused its review of the proposed $26B merger of T-Mobile (TMUS +2.7%) and Sprint (S +2.1%) for the second time in four months.

While T-Mobile had hoped for a first-quarter close to the deal (but saw Q2 as more likely), a long shutdown could mean a much longer timeline for the transaction.

New documents provided in September caused the first pause, and the FCC picked up on the deal again in early December, at day 55 on its informal 180-day timeline.

FCC approval (which takes public interest into account rather than just competitive issues) is the major remaining hurdle to the deal, which has gotten approvals from CFIUS as well as cabinet agencies.

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