FCC pumps brakes on Sprint-T-Mobile merger


Photo by: Illustration: Lazaro Gamio/Axios


Federal regulators have decided they need more time to review the proposed merger between Sprint and T-Mobile, which was first announced back in April, CNBC reports.

Why it matters: This deal would combine the country's third and fourth-largest cell phone service providers, giving them the combined heft to better compete with market leaders Verizon and AT&T.

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