Deals
DOJ Leans Against Approving T-Mobile’s Takeover of Sprint
- Carriers’ concessions don’t resolve DOJ’s competition concerns
- Antitrust officials consider different standard than FCC
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The Justice Department is leaning against approving T-Mobile US Inc.’s proposed takeover of Sprint Corp., according to a person familiar with the review, even after the companies won the backing of the chairman of the Federal Communications Commission.
The remedies proposed by the wireless carriers earlier Monday don’t go far enough to resolve the department’s concerns that the deal risks harming competition, said the person, who asked not to be named because the investigation is confidential.