U.S. Justice Department tells T-Mobile, Sprint it opposes merger: source

FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton/File Photo

Sprint shares fell around 9 percent after the bell as investors bet the deal would not be completed. Shares of T-Mobile fell 4 percent. The deal had been criticized by consumer advocates and some lawmakers because it would reduce the number of national wireless carriers available to consumers from four to three.

They give up the ghost?

Again...

Wow, if only the DOJ had a backbone for all the other mergers going on in different sectors with low competition and impossibly high barriers to entry.

Uh oh... Looks like someone didn’t book enough rooms at a Trump property...

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Sprint, T-Mobile shares fall on report Justice Department won't approve merger as structuredShares of Sprint and T-Mobile US fell in after-hours trade after The Wall Street Journal reported that Justice Department staffers have told the companies...
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

If US wants to be leader in 5G, it should approve Sprint, T-Mobile merger: AnalystA Sprint, T-Mobile merger is the path to the best 5G network we're likely to see in the U.S. and it will drive AT&T and Verizon to invest, says New Street Research's Jonathan Chaplin They should make the T-Mobile guy cut his hair first. Yes! We need more megalith monoliths of massive capitalists! capitalism Assange Just don’t tell Trump that Germany’s Deutsche Telekom would be running the show...
Fuente: CNBC - 🏆 12. / 72 Leer más »

Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structuredSounds like a buying opportunity?
Fuente: CNBC - 🏆 12. / 72 Leer más »