U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source

ByNews Videos

Jul 18, 2019 #A..., #Company News, #CORP, #Deals, #Divestitures / Spin, #Judicial Process / Court Cases / Court Decisions, #m..., #Mergers / Acquisitions / Takeovers, #Mobile, #Monopolies / Antitrust Issues, #Offs, #sprint, #t..., #united states, #US, #Wireless Telecommunications Services (TRBC)

[ad_1]

FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo GLOBAL BUSINESS WEEK AHEAD

WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

CNBC was the first to report the ultimatum.

Reporting by David Shepardson and Diane Bartz; Editing by Leslie Adler

Our Standards:The Thomson Reuters Trust Principles.

[ad_2]

Source link