U.S. justice department staff recommends blocking T-Mobile-Sprint deal
The U.S. Justice Department’s antitrust division staff has reportedly recommended the agency file a lawsuit to block T-Mobile’s $26 billion acquisition of Sprint.
The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department.
Sprint share prices fell 6.2% in pre-market trading.
The Justice Department is expected to make a final decision in about a month, two sources said.