From CNET: Sprint's pending merger with T-Mobile has kept the company in a bit of a limbo state. While the deal has received approval from the Department of Justice and Federal Communications Commission, litigation from 16 attorneys general over whether the deal would be anti-consumer, along with a pending review from the California Public Utilities Commission, has kept the $26.5 billion deal on pause.
The holding pattern hasn't been kind to Sprint, which has been facing quarters of subscribers losses and has seemingly paused its 5G rollout after launching in nine cities earlier this year as its financial troubles kept piling up.
Sprint's fiscal second-quarter results didn't help much either, with the company posting a net loss of $274 million for the quarter on Monday.
Total revenue for the quarter came in at $7.8 billion, lower than the $8.17 billion analysts polled by Yahoo Finance estimated. The company lost 91,000 postpaid phone subscribers in the quarter.
Postpaid subscribers pay their phone bills at the end of each month and are valued more highly by financial analysts.
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