FILE PHOTO: A T-Mobile store is pictured in the Manhattan borough of New York, New York, U.S., May 20, 2019. REUTERS/Carlo Allegri/File Photo
WASHINGTON - Pennsylvania’s Public Utility Commission on Thursday approved T-Mobile US Inc’s $26 billion purchase of rival Sprint Corp, bringing the megamerger one step closer to completion.The companies are still awaiting approval from the Justice Department’s Antitrust Division and two other state commissions, for California and Hawaii. It was unclear if state attorneys general will fight the proposed transaction.
The deal has won approval in principle from the Federal Communications Commission and other state public utility commissions. Critics of the transaction have said it will lead to higher prices for consumers, particularly poorer ones who use prepaid wireless plans that do not require credit checks. The companies have pledged not to raise prices and said that merging would allow them to more quickly build 5G, the next-generation wireless network.
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Analysis | The Technology 202: Democrats criticize FCC's green light on Sprint and T-Mobile mergerThe Technology 202: Democrats criticize FCC's green light on Sprint and T-Mobile merger The FCC at least has a green light. When can we see the Democrats Lie, I mean Light? Fishy. Why? Is he/they getting money from those who would compete with the merger. Why is Bernie anti competition? Something doesn't smell right.
Source: washingtonpost - 🏆 95. / 72 Read more »
FCC Chairman Recommends Approval of T-Mobile-Sprint MergerFCC Chairman Ajit Pai said he would back the $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions. And the moon is made of cheese ! The gummint needs to get out of picking winners and losers; not smart enough and unintended consequences win every time.
Source: WSJ - 🏆 98. / 63 Read more »
Justice Department staff had urged rejection of Sprint-T-Mobile mergerJustice Department staff reviewing the proposed merger of T-Mobile and Sprint had recommended that the U.S. government sue to block the $26 billion deal. The recommendation came before the two companies offered a set of concessions this week. The Anti Justice Department that is blocking any attempts to hold the Presidunce of the United States responsible for anything now wants to rule against a merger between to companies trying to follow the capitalistic ways of our country that even Trump raves about. YA RIGHT! But Tmobile spent all those $$$$ at trump hotel So T-Mobile wasted all that $$$ they paid to Trump?
Source: washingtonpost - 🏆 95. / 72 Read more »
Stocks making the biggest moves premarket: Best Buy, Hormel, T-Mobile, Sprint, L Brands & moreThese are the stocks posting the largest moves before the bell. Always cheering for our MARKET!
Source: CNBC - 🏆 12. / 72 Read more »
Opinion | Blessing the T-Mobile-Sprint MergerOpinion: By joining forces, T-Mobile and Sprint will be better positioned to compete against wireless leaders Verizon and AT&T in the 5G era I’m pretty happy with my TMobile service as it is. I guess you’re saying fewer choices is best? Should ATT, Verizon and TMobile/Sprint “join forces” next? Where does the logic end exactly? Not exactly sure how the customer benefits. Same thing with airline mergers, prices have not been coming down with mergers. Whoever wrote this should go take high school economics. Even in markets that are in secular decline, competition shrinks and the remaining players go for margin by keeping prices as high as possible.
Source: WSJ - 🏆 98. / 63 Read more »