US district judge expected to rule in favor of Sprint-T-Mobile merger: WSJ

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A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people ...

A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.

A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/IllustrationREUTERS: A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its US$26.

Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.Shares of Sprint were up 50per cent at US$7.2 in after market trading, while T-Mobile rose 6.5per cent.

 

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