Deals
U.S. Wants T-Mobile to Create New Rival Before Clearing Megadeal
- Antitrust officials seek additional carrier with own network
- Spinning off a new competitor would be a high bar to meet
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Top Justice Department officials want T-Mobile US Inc. and Sprint Corp. to lay the groundwork for a new wireless carrier -- with its own network -- as a condition to clearing their $26.5 billion merger, according to a person familiar with matter.
The two companies have been pondering additional concessions that could help win Justice Department approval for their deal, said people with knowledge of the discussions, who asked not to be identified because the talks are private. But the idea of spinning off a full-fledged national competitor would be a high bar for T-Mobile and Sprint to meet.