Sprint and T-Mobile will have to wait longer to merge

The FCC said it would pause its

The third- and fourth-largest wireless United States service providers submitted their Public Interest Statement to the FCC in June, but the commission has now said it is pausing the informal 180-day "transaction shot clock", which is currently at day 56, following recent submissions related to a revised network engineering model.

The FCC sent a letter to the two companies Tuesday, explaining that "additional time is necessary to allow for thorough staff and third-party review of newly-submitted and anticipated modeling".

"Considering the complexity and potential importance of these newly-provided and expected models, it is appropriate to stop the informal 180-day clock to allow time for their review", writes David Lawrence, the director of the T-Mobile / Sprint Transaction Task Force, and Donald Stockdale, the chief of Wireless Telecommunication Bureau.

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Today we are pausing the Commission's informal 180-day transaction shot clock in this proceeding. Submissions up for review include a large, complex document detailing the benefits a deal would create, information about network expansion plans and an economic modeling report.

The merger between the third and fourth largest US wireless carriers seems to be a lock.

T-Mobile got its paperwork in late, so it may know already that it will take longer for the FCC to make a decision.

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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.

The proposed merger of T-Mobile and Sprint won't happen anytime soon. T Mobile Us Inc now has $55.84B valuation. Similarly, a business model titled "Build 9" that was also submitted September 5 needs further review, the FCC said. 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.

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