What will happen to Sprint if the T-Mobile deal is not approved?

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Back in 2013, Japanese conglomerate SoftBank purchased 78% of Sprint for $21.6 billion, keeping the carrier from getting purchased by Dish Network. Since then, SoftBank has raised its stake in Sprint to 84%. Bloomberg reports today that with $25 billion in red ink spilled by Sprint over the last 10 years, company executives have told regulators that it will face “serious challenges” if the merger with T-Mobile is not approved. The $26.5 billion transaction remains in limbo as the FCC and DOJ decide whether to approve the deal, first announced over a year ago.
The DOJ …

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