"The clock will remain stopped until the applicants have completed the record on which they intend to rely and a reasonable period of time has passed for staff and third-party review", the FCC said in a letter to officials at T-Mobile and Sprint which was posted on the agency's website.
The Federal Communications Commission says it needs more time to review network engineering and financial models submitted by the companies. The FCC points to three separate developments that require more time for review.
T-Mobile CEO John Legere, left, and Sprint CEO Marcelo Claure take questions from Twitter during a call announcing the merger.
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.
Consumer groups have argued that the merger could result in higher prices for wireless customers, one of the concerns the Justice Department is considering in its own review of the transaction.
The commission told the carriers' counsel that it had received papers and guidance primarily from T-Mobile within the past two weeks that marked departures from previous statements regarding network engineering models and network buildout funding.
"On September 5, 2018, the applicants submitted a substantially revised network engineering model", Lawrence said. It also needs to review a new business model referred to as "Build 9". Act Ii Management Lp who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $55.87 billion market cap company. Also Nasdaq.com published the news titled: "T-Mobile US, Inc.to Present at the Goldman Sachs 27th Annual Communacopia Conference in New York, NY" on September 07, 2018.