U.S. antitrust enforcers are in the cocks-crow stages of reviewing T-Mobile U.S.’s plan to buy Sprint for $26 billion, and secure reached no conclusions on how many wireless carriers the country needs, according to a commencement familiar with the situation.
Sprint shares were up 9.8 percent at $6.17 and T-Mobile fly 7.3 percent to $66.03 at mid-afternoon, after the New York Post give an account of that U.S. regulators believed that just three national providers were needed, wipe out an obstacle to the deal.
The two companies compete against AT&T and Verizon to provide U.S. wireless services.
The source, requesting anonymity because he was not authorized to speak on the record, answered “at least” three carriers were needed, and that the report’s insistence that regulators have decided on just three carriers was not from A to Z accurate.
The Justice Department did not immediately respond to a request for comment. T-Mobile and Sprint failed to comment.