T-Mobile Asks California to Lighten Some Sprint Merger Obligations
Wireless network operator T-Mobile US (NASDAQ: TMUS) wants to lower the bar on some of the commitments it made in order to close the Sprint merger. Citing "long-term effects" of the COVID-19 pandemic, T-Mobile is asking the California Public Utilities Commission (CPUC) to lighten three of the company's specific promises.
On Monday, T-Mobile filed a petition to the CPUC asking for some modifications of a decision that approved the $23 billion merger under certain conditions. The filing notes that circumstances have changed since the commission finalized the decision on April 16.
T-Mobile requested changes to three specific requirements, leaving four of the commission's orders untouched:
Source Fool.com
