US to take longer to mull Sprint merger with T

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T-Mo and Sprint said that the new engineering model was the one that they wanted to use in support of their merger.

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.

This is because the two companies recently submitted new materials to the FCC and it needs time to go through those materials before approving this deal.

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A "substantially revised" network engineering study submitted September 5 "is significantly larger and more complex than the engineering submissions already in the record", the agency said in a letter to the companies that it distributed by email on Tuesday.

After years of stop-and-go negotiations, Sprint and T-Mobile earlier this year finally announced an all-stock, merger and acquisition deal worth $26 billion. The FCC received both on September 5.

Further, in an August 29, 2018 exparte meeting, T-Mobile executives Mike Sievert and Peter Ewens described T-Mobile's reliance on a business model, titled "Build 9", which apparently provides the financial basis for the projected new network buildout.

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Until we see what T-Mobile has submitted, we won't know if this marks a minor revision or a wholesale change to T-Mobile's plans that could force a particularly thorough review. It will take time to evaluate, understand the relationships between, and prepare responses to these models. Visit MarketWatch.com for more information on this news. 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 additional review time is common to FCC merger reviews", the company said in a statement. "The Price will bewitch whether to extend the time limit for reply comments after receiving the leisure of the Candidates' modeling submissions".

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