FCC 'Highly Skeptical' About Sprint/T-Mobile Tie-Up
Tom Wheeler, chairman of the Federal Communications Commission, told executives from SoftBank and Sprint he is highly skeptical a merger between Sprint and T-Mobile would pass regulatory review. SoftBank's Masayoshi Son and Sprint's Dan Hesse met with Wheeler Monday in an attempt to convince the FCC it would be beneficial to the market for Sprint and T-Mobile to combine in order to better fight AT&T and Verizon Wireless. Wheeler said he would keep an open mind about such a deal, according to sources cited by Reuters, but he also repeated the sentiment given by the U.S. Department of Justice that a merger between the No. 3 and No. 4 carriers would face a long road toward gaining regulatory approval.
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