Sprint, T-Mobile Merger Back On Hold

Seeking Alpha provided this snippet where the T-Mobile (TMUS)/Sprint (S) merger is on hold again.

T-Mobile (TMUS -1.9%) and Sprint (S -3.6%) are sliding off a new Wall Street Journal report that merger talks have slowed, over conditions around the involvement of Dish Network (DISH +0.5%) in the deal.
Talks are ongoing, but the two wireless carriers are planning to extend their merger agreement beyond its July 29 deadline to buy more time, according to the report -- a second extension of a deal that has dragged out more than a year.

A big part of the merger holdup is the requirement of the DOJ for a 4th viable wireless carrier to exist. For this reason, my prediction has long held that the merger will get blocked. Dish doesn't appear ready to step-up to the plate without major handouts and T-Mobile doesn't want the merger, if the end result is to create a strong 4th competitor.

The prediction still remains that the merger gets blocked and Sprint dips to $3.

More research on the subject:

Seeking Alpha - Sprint: No Merger Approval Guaranteed

WhoTrades - June 11 blog post 

Updated - July 12

Altice USA entering the bidding competition for new T-Mobile assets does increase the likelihood of a deal getting done. Altice has been more aggressive at actually creating a mobile service while DISH appears only interested in a gift (deal) that T-Mobile won't accept.

Altice USA (ATUS +2.1%) is the latest company to come in for a meeting with the FCC's transaction team handling the proposed $26.5B merger of Sprint (S +2%) and T-Mobile (TMUS +1.1%).
Altice reiterated its prior advocacy and, according to its filing, discussed "commitments necessary from New T-Mobile to preserve sustainable competitive entry into the retail wireless market for the benefit of consumers.

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