U.S. Justice Department tells T-Mobile, Sprint it opposes merger: source

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The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opp...

FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton/File Photo

Sprint shares fell around 9 percent after the bell as investors bet the deal would not be completed. Shares of T-Mobile fell 4 percent. The deal had been criticized by consumer advocates and some lawmakers because it would reduce the number of national wireless carriers available to consumers from four to three.

 

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They give up the ghost?

Again...

Wow, if only the DOJ had a backbone for all the other mergers going on in different sectors with low competition and impossibly high barriers to entry.

Uh oh... Looks like someone didn’t book enough rooms at a Trump property...

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