Sprint Drops After Democrat on FCC Calls for Pause of Merger
- Call from member of agency minority follows subsidy accusation
- T-Mobile has proposed buying Sprint in $26.5 billion deal
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Sprint Corp. dropped after a Democratic member of the Republican-majority Federal Communications Commission called for delay in considering the company’s merger with T-Mobile US Inc.
Commissioner Geoffrey Starks reacted after the agency said Sprint had claimed payments for 885,000 subscribers to a subsidized phone service, even though those people weren’t using the system.