Sprint, T-Mobile To Propose Compromises For Merger Approvals, Bloomberg Reports

Sprint (S) and T-Mobile US (TMUS) could announce this week certain concessions that will help the companies get US regulatory approvals for their planned $26.5 billion merger, Bloomberg News wrote Monday, citing people familiar with the matter.

According to the sources, the concessions follow the companies’ talks with the Federal Communications Commission and include the sale of the firms’ prepaid businesses, a three-year buildout of a 5G network, and a promise to not raise prices while the network is underway.

Bloomberg said the planned merger is under scrutiny for competition concerns as it will reduce US wireless majors from four to three. The commission’s 180-day review of the transaction is set to close in June, the report added.