The US Justice Department has requested that the FCC defer the planned merger between Sprint and SoftBank, according to Bloomberg , a move that would grant the government more time to review the proposal. The deal was first announced in October, with Sprint and Japanese carrier SoftBank publicly stating they hoped to have it approved by mid-2013. A deferment from the FCC could significantly hold up that process and push off any closure of the $20.8 billion acquisition. Though it hasn't voiced outright opposition to such a merger, rival AT&T issued a statement highlighting the fact that the buyout would grant "Japan's largest wireless companies control of significantly more U.S. wireless spectrum than any other company" — a statistic it...
via The Verge - All Posts http://www.theverge.com/2013/1/29/3928968/us-justice-department-asks-fcc-to-defer-sprint-softbank-merger
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