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Wednesday, May 22, 2019

Justice Dept staff reportedly recommends blocking T-Mobile's deal to merge with Sprint

The U.S. Justice Department's Antitrust Division staff has recommended the agency sue to block T-Mobile US's $26 billion acquisition of smaller rival Sprint, according to two sources familiar with the matter.

The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by Antitrust Division chief Makan Delrahim.

That decision is expected to be made in about a month, the two sources said.

This is breaking news. Please check back for updates.

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