The companies will have to sell off some assets to Dish Network, including Virgin Mobile and Boost Mobile.a $26 billion merger between cellphone carriers Sprint and T-Mobile, the country’s third- and fourth-largest telecommunications companies.
The DOJ approved the deal under the condition that Sprint would sell off Virgin Mobile, which it acquired in 2009, and its prepaid phone service, Boost Mobile, to Dish Networks. The companies will also have to give Dish access to at least 20,000 cell sites and hundreds of retail locations, as well as allow Dish to use their combined network for seven years while Dish builds out its own 5G network.: The FCC still has to approve the deal, but Republican chairman Ajit Pai has already signaled his support. But even then it’s not in the clear.
to stop the merger in court, claiming it’ll raise prices and hurt consumers by whittling down the competition to only three major carriers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
'Key Background: Both Sprint and T-Mobile have already made significant concessions to the FCC, including promises to deploy an expansive 5G network covering rural areas, offer a home internet service and not raise prices for three years after the merger.' No5G CancerRisk etc.
Bad for consumers.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: WSJ - 🏆 98. / 63 Read more »
Justice Department clears T-Mobile-Sprint mega-merger against competition criticismsJustice Department antitrust chief Makan Delrahim is breaking with a precedent set by the Obama administration.
Source: YahooNews - 🏆 380. / 59 Read more »
Justice Department clears T-Mobile-Sprint mega-merger against competition criticismsThe DOJ just gave a green light to the $26 billion merger of T-Mobile and Sprint. Critics say the decision will lead to higher prices for wireless customers — while raising questions about the Trump admin's commitment to antitrust enforcement This is actually great news for competitions and prices will come down. T-Mobile is more innovative and nimble that Verizon and AT&T Actually this will keep Sprint alive and give a stronger competitor the ability to challenge Verizon and AT&T.
Source: politico - 🏆 381. / 59 Read more »
DOJ approves $26.5B merger between Sprint and T-MobileWhile the merger between the number three and four players in the wireless market effectively reduces competition, the DOJ has demanded that both companies must sell key assets. claireatki Exactly as slickenteur predicted many days ago. Guys you should follow her, she does brilliant market, political analysis. Her articles and threads are amazing. Must read them. claireatki Well, I hope they can cut my bill in half. Lololol 😄 claireatki So what will sprint customers need to do?
Source: NBCNews - 🏆 10. / 86 Read more »
U.S. Approves T-Mobile-Sprint MergerThe Justice Department approved T-Mobile US’s merger with Sprint after the companies agreed to create a new wireless carrier by selling assets to satellite-TV provider Dish Network. Exactly as slickenteur predicted days ago. Guys you should follow him, he does brilliant market, political and geopolitical analysis. washingtonpost nytimes NicolleDWallace maddow JoeNBC Justice Department approved merger between T-Mobil and Sprint. Does anyone want to take a wager on how much stock Donald Trump owns? About time!
Source: WSJ - 🏆 98. / 63 Read more »