Technology Other News 19 Jul 2019 U.S. tells T-Mobile, ...

U.S. tells T-Mobile, Sprint to wrap up divestiture deal - source

REUTERS
Published Jul 19, 2019, 5:36 pm IST
Updated Jul 19, 2019, 5:36 pm IST
According to a source, the companies will face a lawsuit aimed at stopping their proposed merger, if they don't wrap up the deal.
Representational Image
 Representational Image

The US Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

CNBC was the first to report the ultimatum.

 

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