The two companies plan to extend their merger agreement deadline as they iron out conditions for a new telecom competitor.
Sprint fell nearly 4% on Thursday after The Wall Street Journal reported merger discussions with T-Mobile have slowed. The Justice Department will only allow the deal if both companies give a fourth competitor enough resources to compete in the telecom sector. Dish Network is the current frontrunner to occupy that space. Sprint and T-Mobile are planning to extend their merger agreement past its July 29 deadline. Watch Sprint trade live here. Sprint dropped as much as 3.
Sprint fell nearly 4% on Thursday after The Wall Street Journal reported merger discussions with T-Mobile have slowed. The Justice Department will only allow the deal if both companies give a fourth competitor enough resources to compete in the telecom sector. Dish Network is the current frontrunner to occupy that space. Sprint and T-Mobile are planning to extend their merger agreement past its July 29 deadline. Watch Sprint trade live here. Sprint dropped as much as 3.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
T-Mobile-Sprint Talks Slow Over Dish OwnershipTalks between T-Mobile US and Sprint are dragging on over ownership issues and the new wireless company to be formed when Dish Network gets some of their assets as part of their $26 billion merger.
Read more »
Jamaica's 'spoilt' male sprinters need to work harder - BoltOlympic sprint great Usain Bolt sees struggle ahead for Jamaica’s men at the world championships, claiming the Caribbean nation’s 'spoiled' young sprinters lack the discipline to train and the hunger for success, kayraynor reports:
Read more »
7-Eleven is suspending its mobile payment feature after hackers stole $500,000 from Japanese consumersHackers discover a flaw in 7-Eleven Japan's mobile payment feature by targeting 900 accounts and using them to make $500,000 in purchases.
Read more »
'Dr. Mario World' Draws Criticism for Microtransactions as Mobile Game Spending SoarsThe initial download is free for Nintendo's latest mobile offering, but prices can add up quickly as players hope to progress.
Read more »
Quibi: All the Programming (So Far) Set for Jeffrey Katzenberg's Shortform Streaming PlatformThe service is aiming to fill the time of mobile-device users and serve as complement to, rather than a competitor of, the likes of Netflix and Hulu.
Read more »