Referring to an "informal shot clock" of 180 days in which to assess the pros and cons of T-Mobile US and Sprint permanently hooking up, the FCC announced in a letter that it is being paused. Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and anticipated modeling relied on by the Applicants.
The FCC said Tuesday it was pausing the review clock - now at Day 55 - because the two companies had submitted new information including a "substantially revised" network engineering model, a new business model and additional economic modeling.
Today we are pausing the Commission's informal 180-day transaction shot clock in this proceeding.
Bellevue-based T-Mobile and Sprint say consumers will benefit from a faster network even as their deal reduces from four to three the number of national competitors in the US wireless market.
Lawrence says the new network engineering model is significantly larger and more complex than the previous submission.
Lunge and T-Mobile launched in April they'd agreed to an all-stock merger price $26 billion, with T-Mobile CEO John Legere to bewitch management of the mixed company, to be known as "Fresh T-Mobile". The Commission did not receive Build 9, and third parties did not have access to it, until September 5. Although the Applicants had previously provided a network engineering model as backup for certain network claims, you explained that since that time "the model has been extended", and that the newly-provided model "completes" the prior work.
The agency said it would also need time to review additional economic modeling that T-Mobile said it would submit. T-Mobile also provided extra economic modeling that responded in part to petitions to deny the deal.
The carriers want to merge and form one larger company that can compete against Verizon and AT&T, which are both bigger than T-Mobile and Sprint.