U.S. 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 decision is expected to be made public Tuesday, the report said.

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 $26.5 billion merger with Sprint. Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.Shares of Sprint were up 50% at $7.2 in after market trading, while T-Mobile rose 6.5%.

 

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