Sprint, C-Spire call temporary cease-fire on AT&T
Similar to the Justice Department lawsuit, both sides are agreeing to delay the lawsuit until AT&T has a chance to go back and evaluate its options.
Sprint Nextel and C-Spire today agreed with AT&T to hold off on their lawsuit until AT&T has a chance to re-evaluate its options, following.
Sprint and the regional wireless carrier have sued to block AT&T's proposed acquisition of T-Mobile USA, drafting behind the larger--and more relevant--Justice Department lawsuit. But with AT&T reconsidering its strategy, Sprint and C-Spire have agreed to a delay until January 18.
The actions kicked off on Thanksgiving, when AT&T. Last week, the Justice Department , arguing that a case built against the current deal may not be relevant, if AT&T changes the details of the deal when it goes back to the FCC.
Likewise, Sprint and C-Spire are holding off until they get more clarity on the status of the deal.
AT&T has to submit a status report on its proposed deal by January 12.
The Dallas-based telecommunications giant has been struggling to save this deal, which seems to have drawn a number of strong opponents, from competitors in the industry to regulators.