US: T-Mobile, Sprint expected to extend deal date

T-Mobile US and Sprint expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources close to the deal, reported Reuters.

T-Mobile and Sprint have agreed to a series of deal concessions, including to sell the prepaid brand Boost, to gain merger approval, but they still need a green light from the US Department of Justice. The department’s antitrust staff recommended the agency block the deal.

The companies are in talks with Dish to hammer out the Boost sale in order to win over the department.

The parties are haggling over restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company, the Wall Street Journal reported on Thursday.

Full Content: Reuters

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