Telecom stocks are tanking following reports of potential
setbacks in the Sprint, T-Mobile deal
The US has four national wireless carriers, Verizon and
AT&T are the 2 largest with T-Mobile and Sprint farther behind the top two.
Both T-Mobile and Sprint have said that they need a merger to be able to
compete. In the new report, they state that “U.S. regulators are skeptical of
Sprint's argument that it would not be able to compete effectively with other
telecom companies if the merger was blocked”.
The political arguments and rhetoric seem to have put many
businesses at risk with any future. The article stated that the FCC has halted any
actions with the following statement “FCC paused the informal 180-day
"shot clock" to review the $26 billion merger deal earlier this month
to allow more time for the public to comment on the deal”.
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