Yep – well, maybe.
While (we know) the FCC and DoJ have approved the merger, there are still a bunch of states suing to stop it. And, while the trial ended last month, will the losing side appeal? Could be – and that would add more “time to the clock.”
But, even outside of that, if the defendants win and the states decide to let it go, another there’s still another factor.
The California Public Utilities Commission can delay the merger’s closing to July and beyond
Judge Kelly extended his Tunney Act review to the middle of next month. With this an independent court must review the actions taken by the DoJ to make sure the merger is in the best interest of the public. And, there is no clear cut thought which way that gavel will land.
And then (yes, there’s more)…
The Wall Street Journal reports that the transaction must be approved by the California Public Utilities Commission – and they have until July to vote on whether to approve the merger – or, it can decide to extend that deadline past July.
Meanwhile, Sprint continues to lose money and customers (see our post here).
Read the entire article here.
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