US Justice Department tells T-Mobile, Sprint it opposes merger: source

[NEW YORK] The US Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion merger in its current form, a source familiar with the matter said on Tuesday, though a final decision has not been made.

T-Mobile US chief executive John Legere was in Washington on Tuesday and has meetings later this week at the US Federal Communications Commission, which is also reviewing the deal, two people briefed on the matter said. A government official said it is unclear if the Justice Department wants to kill the deal or is seeking specific concessions.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US indicts Indivior over Suboxone opioid treatment marketingREUTERS: The U.S. Justice Department announced on Tuesday the indictment of Indivior Plc and a subsidiary on charges they engaged in an illegal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US charges pummel drugmaker Indivior, hurt ReckittIndivior Plc lost three-quarters of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the U.S. Justice ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »