"Lenders to Sprint Corp. (S) are asking for higher fees in exchange for financing the purchase of T-Mobile, because they expect the deal to face a lengthy approval process, people with knowledge of the matter said. Sprint, whose controlling shareholder is Son’s SoftBank Corp. (9984), is planning to acquire its rival for about $32 billion, people have said.
*****The companies, including T-Mobile shareholder Deutsche Telekom AG, expect the Federal Communications Commission and the Department of Justice to take at least a year to evaluate the deal*****, the people said, asking not to be identified discussing private information. *****The plan is to include a drop-dead date of 18 months after the deal’s announcement -- at which point it could be terminated*****, according to two of the people. *****That deadline could be extended,***** the people said."
(Source: Bloomberg, "Sprint Said to Plan for Lengthy Review of T-Mobile Deal")