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Sprint owner meets with officials to discuss T-Mobile takeover

29
Jan
2014

Sprints chairman and CEO, Masayoshi Son and Dan Hesse, reportedly held talks with Department of Justice (DOJ) officials earlier this month to discuss the carrier buying its rival T-Mobile. The Wall Street Journal reports the DOJ warned Sprint that an acquisition could meet with intense scrutiny and regulatory difficulties. Although the WSJs sources disagree on the level of resistance conveyed in the meeting, some say that the current four-carrier system is regarded as important to maintaining a competitive market in the US. Theres nothing particularly unusual about the meeting itself — such conversations are commonplace before an acquisition bid — but the DOJ doesnt usually give too strong an opinion on a deal until theyve fully reviewed a case.

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