Justice Department clears T-Mobile-Sprint mega-merger against competition criticisms

The Justice Department gave a green light on Friday to the $26 billion merger of T-Mobile and Sprint, in a decision critics say will lead to higher prices for wireless customers — while raising questions about the Trump administration's commitment to antitrust enforcement.

In allowing T-Mobile to proceed with the acquisition, Justice Department antitrust chief Makan Delrahim is breaking with a precedent set by the Obama administration, which resisted tie-ups among the nation’s biggest wireless companies. The federal approval is a big win for T-Mobile CEO John Legere, who has argued for more than a year that the deal will help the Trump administration win the race against China to super-fast 5G wireless. Despite Legere's earlier history of trading insults with Trump, he repeatedly stayed at the Trump International Hotel in Washington during the regulatory review of the Sprint merger.

Under the terms of the agreement, DISH will buy two of Sprint's prepaid wireless businesses, Boost Mobile and Virgin Mobile, as well as 400 retail stores and a swath of airwaves to be used in building a nationwide network.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Justice Department in Talks With States to Win Support for T-Mobile, Sprint MergerThe Justice Department is pushing state officials to support a planned settlement that would allow T-Mobile US and Sprint to merge by selling assets to Dish Network. This to me seems like something the DOJ isn’t supposed to be used for 🤷🏾‍♂️ CGasparino budswdrbobbillw The DOJ should not be negotiating on behalf of Corporations, this is wrong. They should not merge. No more monopolies.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

T-Mobile-Sprint drama overshadows ‘industry’s best growth story,’ says analystT-Mobile US Inc.’s latest earnings show that the company is doing just fine on its own — even as the company’s deal for Sprint Corp. reportedly nears...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

T-Mobile, Sprint Merger Gets DOJ Approval With Asset Sales to DishDish said it 'will enter the U.S. wireless market as the fourth nationwide facilities-based network competitor” with what it called a 'transformative transaction.'
Herkunft: THR - 🏆 411. / 53 Weiterlesen »