Sprint Corporation (NYSE:S) is reconsidering the possibility of acquiring T-Mobile following regulator resistance, according to The Wall Street Journal.
Sprint officials recently met with the Justice Department and Federal Communications Commission in Washington D.C. Sprint executives were hoping to at least get a chance for regulators to strongly consider the deal, but the government seems opposed for competitive reasons.
Sprint and T-Mobile argue that a merge would create a larger number 3 carrier, which would be able to effectively compete against Verizon Wireless and AT&T. Regulators prefer four national carriers.
[Source: The Wall Street Journal]