Ajit Pai Pauses Sprint-T-Mobile Merger
FCC Chair Ajit Pai says he needs more time to review the proposed Sprint-T-Mobile $26 billion merger, according to a letter the federal the agency sent to the companies Tuesday. If the two companies are eventually allowed to merge, the number of wireless providers in the U.S. would drop from four to three with the new company competing against Verizon and AT&T. Chief executives of both companies have vowed to offer lower prices if allowed to merge. They say joining forces would also help increase competition in the telecom marketplace and that they need one another to roll out 5G service. The reasoning for this latest delay is to give the agency time to review newly submitted materials that break down a planned network engineering model, as well as T-Mobile's "Build 9" business model explaining the deal's financial backing. Sprint and T-Mobile have gone down a rocky road to a merger, calling off and resuming talks. Now that they’re back on, the deal is also being reviewed by the Justice Department. More here.