Deals
Sprint Claim It’s Weak Without T-Mobile Draws U.S. Skepticism
- U.S. officials vetting deal said to resist carrier’s arguments
- T-Mobile shares fall most in seven weeks, Sprint stock drops
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Sprint Corp.’s argument that it will be left a corporate weakling if it’s not allowed to merge with T-Mobile US Inc. is meeting resistance from some U.S. officials vetting the $26.5 billion wireless deal.
Sprint is telling regulators behind closed doors that it won’t be an effective competitor if they block the merger, according to five people familiar with the matter. Some officials are skeptical of that argument, four of the people said. One of the people said Sprint asserted it may eventually run out of cash if the merger fails.