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

REUTERS
Published : Jul 19, 2019, 5:20 pm IST
Updated : Jul 19, 2019, 5:20 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.

Tags: sprint, t-mobile