WASHINGTON - T-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of rival Sprint Corp, the Justice Department said on Friday, clearing a major hurdle to a deal that would merge the nation’s third and fourth largest wireless carriers.
“With this merger and accompanying divestiture, we are expanding output significantly by ensuring that large amounts of currently unused or underused spectrum are made available to American consumers in the form of high quality 5G networks,” Delrahim said. “We have serious concerns that cobbling together this new fourth mobile player, with the government picking winners and losers, will not address the merger’s harm to consumers, workers, and innovation,” she said.
T-Mobile, the third largest U.S. wireless carrier with about 80 million customers, pursued the deal in order to seek scale to compete with bigger rivals Verizon Communications Inc and AT&T Inc. Sprint has about 55 million customers. The FCC is expected to give Dish more time to use spectrum it previously acquired but also impose strict penalties if it fails to create a consumer wireless network within a set timeframe.
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:
RT : Sprint, T-Mobile win U.S. antitrust approval for $26 billion merger
Just another monster for SenWarren to break up.
Ohh come on! This merger needs to be blocked. And for that matter many other mergers need to be rolled back. Competition is good for the consumer and it's great for innovation.
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.
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 »
DOJ announces agreement on $26 billion merger between T-Mobile and SprintThe Department of Justice has formally reached an agreement with Sprint and T-Mobile on their merger, but a lawsuit from several state attorneys general remains. Ugh. K. I’m usually not on board with mergers but this merger actually gives someone a choice other the Verizon if they build out infrastructure.
Source: CNBC - 🏆 12. / 72 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 »
Netflix’s Market Value Drops $26 Billion In A Week; Founder’s Net Worth Falls In TandemFounder Reed Hastings’ net worth is down more than $800 million. Blame NBC taking The Office they should raise their rates... that's sure to help. WOW!!! This would make a great movie. Who should play Hastings? janetnovack edmpirg JWVerret TylerGellasch amacker erinarvedlund iamJanKruse pdacosta
Source: Forbes - 🏆 394. / 53 Read more »
Justice Department Approves Sprint–T-Mobile MergerThe deal is worth $26 billion. Bad for consumers. '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.
Source: Forbes - 🏆 394. / 53 Read more »