Deals
T-Mobile-Sprint Deal May Linger Into October as FCC Vote Is Slow
- Most commissioners at the FCC have yet to vote on Sprint deal
- Inaction means agency unlikely to conclude review for weeks
Photographer: Krisztian Bocsi/Bloomberg
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T-Mobile US Inc.’s proposed merger with Sprint Corp. remains on hold at the U.S. Federal Communications Commission, where most commissioners have yet to vote upon the $26.5 billion deal even though the agency chairman asked for a vote in August.
The inaction means the agency isn’t likely to conclude its review of the deal until October, because of delays built into its procedures. Passage is expected because all three Republicans who comprise a majority at the agency have spoken in favor of the deal.