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The US antitrust department has not yet approved it! T-Mobile and Sprint extend M&A deadline

  According to Reuters, T-Mobile and Sprint extended the $26 billion M&A deadline to July 29, as the head of the US Department of Justice’s antitrust division said it had not decided whether to approve the deal.


According to reports, Monday was the deadline for local time, but T-Mobile announced an extension to the US Securities and Exchange Commission and is currently trying to win approval from the US Department of Justice and the Federal Communications Commission.

On April 29 last year, the world's third and fourth wireless service providers announced their merger plans.

Makan Delrahim, head of the antitrust department at the US Department of Justice, said in a television interview that the meeting is still underway as regulators are reviewing the deal. He bluntly said: "I have not made a decision yet, the investigation is still going on. We have asked the two companies to provide some data to be released soon."

“If these data let us veto the deal or suggest a change, we will do it,” he said. He added that the department is reviewing the merger, which will enable the combined company to produce better and faster 5G technology.

“The antitrust unit is a team,” Delrahim stressed. “We will make a collective decision. My job is to ensure accurate analysis and ensure the truth.”