Senate Democrats Call for Probe of Possible T-Mobile-Sprint Merger


If the merger is a success it would change the dimensions of U.S. telecom industries.

The upcoming midterm elections in the United States set to take place next year may stifle the possibility of a merger between T-Mobile and Sprint getting approved and even outright prevent it, Deutsche Bank analyst Matthew Niknam wrote in his Tuesday note to investors, as reported by FierceWireless.

U.S. Senator Amy Klobuchar (D-MN), U.S. Senator Al Franken (D-MN), and seven other senators have written a letter urging the FCC and DOJ to investigate the potential impact of a T-Mobile-Sprint merger.

Trinidad insist U.S. game on despite water-logged pitch
Honduras head into Tuesday's clash with Mexico with their FIFA World Cup 2018 qualification hopes hanging by a thread. For the United States men's national team it's dèjá vu - and Trinidad and Tobago - all over again.

Did Colin Kaepernick Say He Will Stand for National Anthem if Signed?
Kaepernick has been living in NY lately, working out privately in New Jersey with the hope of signing on to a team this season. He's going to donate all his jersey sales and he's planning on standing for the anthem, if given the opportunity.

Need proof Apple wants to dethrone Netflix? It just nabbed Spielberg
When it comes to producing original content, Apple lags far behind the major streaming services like Netflix, Hulu and Amazon. It's the first show to be greenlit by Apple since poaching executives Zack Van Amburg and Jamie Erlicht from Sony in June.

T-Mobile now has a market valuation of $52 billion whereas Sprint has a value of around $29 billion.

Get Data Sheet, Fortune's technology newsletter. "There also may be greater incentive for both sides to evaluate a potential deal sooner rather than later, given the risk that deal approval may slip beyond mid-term elections in late 2018 (with the risk that more populist/less corporate-friendly sentiment may become more pervasive in D.C.) In fact, we note that the Democrats" "Better Deal' agenda (unveiled in July 2017, targeted towards 2018 elections) highlights ongoing corporate consolidation as a threat to USA consumers, and proposes sharper scrutiny of potential deals", Niknam wrote this morning in a note to investors. "We are concerned that consolidation will thwart those goals".

"It's not surprising to see this finally being worked out as Sprint is a very eager seller and T-Mobile - while operating from a position of great strength - needs the added heft that Sprint brings it to prepare for the next wave of competition with AT&T and Verizon", he said. The deal proposal also would not include a termination fee if blocked by regulators, given the high risk of antitrust opposition, Bloomberg noted.