DOJ leans against approving T-Mobile’s takeover of Sprint: Bloomberg

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DOJ leans against approving T-Mobile's takeover of Sprint: Bloomberg

FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton/File Photo

(Reuters) – The U.S. Department of Justice is leaning against approving T-Mobile US Inc’s proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported on Monday, citing a person familiar with the review.

T-Mobile’s $26 billion acquisition of rival Sprint won the support of the head of the Federal Communications Commission, Reuters reported on Monday.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D’Silva