FCC says it needs more time to review Sprint, T-Mobile merger

The FCC said it would pause its

The FCC said it would pause its"shot clock on the review of Sprint and T-Mobile's merger

T-Mobile and Sprint have "extended" a network engineering model that was originally submitted as a backup plan.

The FCC said it paused the informal "shot clock" because of a large, complex submission on benefits that the proposed merger would create and a separate submission on network expansion.

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A business model detailing how the combined firm would provide "financial basis for the projected new network buildup" wasn't submitted until September 5.

Fifty-five days into the 180-day shot clock of its review of the T-Mobile and Sprint merger, the FCC has hit the pause button. "Additional time is necessary to allow for thorough staff and third-party review of newly submitted and anticipated modeling relied on by the Applicants". Accordingly, the Commission and third parties will require additional time to review it. On top of that, it said, it also requires some extra time to go over a business model named "Build 9", which will provide the financial basis for the projected new network buildout. Also Nasdaq.com published the news titled: "T-Mobile US, Inc.to Present at the Goldman Sachs 27th Annual Communacopia Conference in New York, NY" on September 07, 2018.

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Consumer groups have argued that the merger could result in higher prices for wireless customers, one of the concerns the Justice Department is considering in its own review of the transaction. It will take time to evaluate, understand the relationships between, and prepare responses to these models. The FCC wants to gather more information about the potential effects of the deal. "The clock will remain stopped until the Applicants have completed the record on which they intend to rely and a reasonable period of time has passed for.staff and third-party review". The only stated reason is the submission of new material from TMUS that significantly alters the criteria by which the FCC will make its assessment, thus requiring more time.

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