Tuesday, February 4, 2014

FCC chief reportedly skeptical on T-Mobile-Sprint merger


Sprint Chairman Masayoshi Son and CEO Dan Hesse.


Federal Communications Commission (FCC) chairman Tom Wheeler has reportedly echoed concerns over the potential merger of Sprint and T-Mobile. Reuters says that Sprint's chairman Masayoshi Son and CEO Dan Hesse held talks with the commission last week to discuss the company's plans to launch an acquisition bid for T-Mobile. At the meeting, Wheeler was apparently skeptical about the chances of a merger between America's third- and fourth-largest carriers passing regulatory hurdles. This echoes comments made by the both the FCC and Department of Justice (DOJ) over the past year or so, and also matches reports of a similar meeting between Sprint executives and the DOJ last week.


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