Sprint's latest merger filing has 40 "redactions," holding back some of the most critical information the public needs to judge whether the transaction is in the public interest. Particularly egregious are the redactions of Appendix A & Appendix B. They don't even note the subject.
The usual reason for the FCC allowing such "highly confidential" treatment is the information would give competitors a significant advantage. I have reviewed some of the 30+ omissions and am confident that in many cases the information would be available to competitors from analysts and common industry sources. Some can be inferred from public Sprint statements.
Sprint's lawyers - Sam Feder, Regina Keeney, & Steve Sunshine - were once senior FCC officials and surely know the requirements. I believe they are all senior partners in important D.C. firms, jobs which probably pay US$5 million per year. They also know the regulations are almost never enforced, which I believe is a scandal at the FCC.
The filing concludes, "Absent completing its transaction with T-Mobile, Sprint will have limited options, and is likely to be forced down either a repositioning path and/or a restructuring path." Proponents of the merger believe that 3 carriers would be more competitive than 4 and/or the merger will have a major impact on 5G in the U.S. If those arguments are insufficient, likely insolvency might still win approval.