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