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Business deals

T-Mobile-Sprint deal hits roadblock in US

Shares fall in after-hours trading after regulators reportedly oppose $26bn merger

Smartphones with Sprint logos are seen in front of a screen projection of a T-mobile logo.   © Reuters

NEW YORK -- A planned $26 billion merger between American wireless carriers T-Mobile US and SoftBank Group-owned Sprint has run into difficulty securing government authorization, with the U.S. Department of Justice reportedly telling them that the megadeal is unlikely to win approval as is.

U.S. media reported Tuesday that the Justice Department has informed the nation's third- and fourth-biggest carriers of its stance. Sprint declined to comment to Nikkei on the reports.

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