In a letter, the FCC has told Sprint and T-Mobile that it needs more time to review their proposed merger (Sara Salinas/CNBC)

Sara Salinas / CNBC:
In a letter, the FCC has told Sprint and T-Mobile that it needs more time to review their proposed merger  —  - The agency has paused an “informal” 180-day transaction clock “to allow for thorough staff and third-party review” of recently submitted materials.

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