T-Mobile CFO says Sprint deal may close by first quarter 2019

T-Mobile’s chief financial officer said his company’s $26 billion acquisition of Sprint could close as early as the first quarter of 2019, although the second quarter is more likely, Reuters reports.

T-Mobile, the No. 3 U.S. wireless carrier, announced in April that it plans to acquire Overland Park, Kansas-based Sprint, the No. 4 wireless carrier.

The deal is awaiting approval from the Federal Communications Commission and the Department of Justice.

The two companies have engaged in years of on-again, off-again talks about a tie-up, with previous negotiations fizzling in 2014 amid antitrust concerns.

“The only remaining thing that is happening is depositions with the DoJ, which have started and will be completed in a few weeks,” T-Mobile CFO J. Braxton Carter said at a conference in Barcelona.

Tags:, , , , , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students