Advertisement
UK markets close in 8 hours 14 minutes
  • FTSE 100

    7,861.70
    -103.83 (-1.30%)
     
  • FTSE 250

    19,475.54
    -223.35 (-1.13%)
     
  • AIM

    750.51
    +0.23 (+0.03%)
     
  • GBP/EUR

    1.1711
    +0.0000 (+0.00%)
     
  • GBP/USD

    1.2436
    -0.0011 (-0.09%)
     
  • Bitcoin GBP

    50,893.73
    -2,558.93 (-4.79%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CRUDE OIL

    85.78
    +0.37 (+0.43%)
     
  • GOLD FUTURES

    2,389.90
    +6.90 (+0.29%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,251.99
    -348.47 (-2.10%)
     
  • DAX

    18,000.44
    -26.14 (-0.15%)
     
  • CAC 40

    7,913.39
    -131.72 (-1.64%)
     

Sprint, T-Mobile plan to file deal application to FCC on Monday

A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) - Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.

The document, which was filed to the FCC on Thursday, also requests a protective order that would shield sensitive corporate information from public view.

The two companies, which are the third- and fourth-largest wireless carries, agreed to a $26 billion all-stock deal in April that they said would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

Two areas of potential regulatory concern focus on the companies' large market share for prepaid and wholesale customers.

Neither Sprint nor T-Mobile immediately responded to a request for comment.

(Reporting by David Shepardson; Writing by Diane Bartz; Editing by Dan Grebler)