US Department Of Justice Halts Sprint’s Merger With Softbank
Well this seems to be the season where underdog carriers just can’t merge with anybody. We remember how the whole T-Mobile + AT&T merger never went through, and now it’s Sprint’s turn. Recently it was all over the news that the Japanese company Softbank would be nice enough to take hold of Sprint, but it seems that even that endeavor is going down hill.
Bloomberg has just reported that the DOJ has requested that the FCC should delay the merger between the two companies due to some national security concerns. This doesn’t necessarily mean that it won’t happen, but once you get the DOJ involved with things as complex national security, things could either take some time or not happen at all.
Whatever the specific concerns may be is still a mystery, but we’ll keep you posted if things happen or not. Still not sure if this is something we should be happy or sad about.