T-Mobile has received clearance from the DOJ to complete its $26.5 billion merger with Sprint

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The Department of Justice approved T-Mobile's purchase of Sprint on condition that the company agrees to divest certain assets to Dish Networks.

The Department of Justice on Friday agreed to clear T-Mobile's purchase of Sprint if the company sells some spectrum and wireless assets to Dish Network. Shares of both Sprintand T-Mobile surged on the news. The DOJ and five US states agreed on a settlement with the companies that would require them to divest Sprint's prepaid phone businesses and wireless spectrum to Dish so it can build out a fourth US phone carrier. Visit the Markets Insider homepage for more stories.

The Department of Justice on Friday agreed to clear T-Mobile's purchase of Sprint if the company sells some spectrum and wireless assets to Dish Network. Shares of both Sprintand T-Mobile surged on the news. The DOJ and five US states agreed on a settlement with the companies that would require them to divest Sprint's prepaid phone businesses and wireless spectrum to Dish so it can build out a fourth US phone carrier. Visit the Markets Insider homepage for more stories.

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