[NEW YORK] The Justice Department on Friday approved the merger of T-Mobile and Sprint, the third and fourth-largest wireless companies in the United States, moving the deal one crucial step closer to completion years after the two carriers first explored joining forces.
The deal could still hit a snag if the companies fail to overcome a lawsuit brought by several states that are trying to block the transaction. Attorneys general for 13 states say the combination could harm consumers by leaving them with higher cellphone bills.The Justice Department gave its approval after the two companies overcame a final obstacle by agreeing to sell off parts of their businesses to pay-TV operator Dish to create a potential fourth major player in the wireless industry.
T-Mobile and Sprint have made their pledge to build out 5G technology, which brings faster-than-broadband speeds through the air, a centrepiece of their argument for why the merger should be approved. The companies have said they would have a more difficult time making progress in that area as separate businesses.
Mr Legere, 61, and his counterpart at Sprint, executive chairman Marcelo Claure, 48, embarked on a lobbying offensive after announcing that they had reached a deal to merge the companies more than a year ago.
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.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »