T-Mobile CEO John Legere said a Wall Street Journal report that the Sprint merger was in trouble is off base.
That lead WSJ graph was:
"Justice Department antitrust enforcement staff have told T-Mobile US Inc. and Sprint Corp. that their planned merger is unlikely to be approved as currently structured, according to people familiar with the matter, casting doubt on the fate of the $26 billion deal."
It was not clear whether Legere was saying Justice had not signaled the deal needed to be reconfigured, or whether there had been such a request, but that it did not necessarily put the fate of the deal in doubt.
It would not be unusual for Justice to seeks changes. If T-Mobile were OK with them, Justice could file suit and immediately file a settlement saying the deal was OK with those adjustments.
T-Mobile has argued that the merger of the third and fourth largest wireless carriers would create a stronger "uncarrier" competitor to AT&T and Verizon and that it was the fastest and best way to create a 5G network, a goal the Trump Administration has made a priority given that the President does not want to lose the race to next-gen wireless to the Chinese.
Free Press, which opposes the deal, was taking the story and running with it, sending out an e-mail saying the merger was teetering toward collapse. “We are encouraged by news of the potential demise of this bad deal," said Free Press Policy Counsel Carmen Scurato.