T-Mobile

There might be a possibility of telecom operator T-Mobile’s $26 billion Sprint acquisition deal closing next year according to the company’s CFO J. Braxton Carter said at the Morgan Stanley TMT Conference in Barcelona.

T-Mobile agreed to a deal to acquire competitor Sprint this April stamping a pact which has experienced scrutiny from the U.S. Federal Communications Commission (FCC) and Department of Justice.

T-Mobile

This September, the FCC paused the 180-day review period for the merger plans and asked for documentation but just recently agreed to restart the process. The CEOs of both companies held a meeting the day after the FCC agreed to restart the review.

“The only remaining thing that is happening is depositions with the DoJ, which have started and will be completed in a few weeks,” chief financial officer J. Braxton Carter said at the conference. “At this point, it’s more pointing to the second quarter as more probable (but) it could still be first quarter,” Carter said.

T-Mobile CEO John Legere, right, jokes around while putting a cape on T-Mobile President Mike Sievert at the company’s Halloween-themed Q3 earnings call T-Mobile

As per Carter, both companies have provided 25 million pages worth of documents to the Department of Justice and also filed 600 pages public information statement with the FCC regarding this merger. If this goes through, It’ll see the combination of the third and fourth largest U.S. carriers into one to take on competition with Verizon and AT&T who are the top 2 U.S. wireless players.

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