DOJ announces agreement on $26 billion merger between T-Mobile and Sprint

As part of the agreement, Sprint will divest its Boost Mobile, Virgin Mobile and Sprint prepaid phone businesses. Sprint and T-Mobile will divest some of their wireless spectrum toand make at least 20,000 cell sites and hundreds of retail stores available to the company. Dish will also be able to access T-Mobile's network for seven years.

"Americans' access to fast, reliable and affordable wireless connectivity is critically important to our economy and to every American consumer and to their way of life," Delrahim said in a press conference announcing the agreement.State attorneys general from Nebraska, Kansas, Ohio, Oklahoma and South Dakota have signed onto the agreement.

In an interview with CNBC's David Faber, Sprint chairman Marcelo Claure maintained that Dish will be a viable competitor once the deal is approved. It brings an end to years of negotiations between the companies. Sprint parent SoftBank tried and failed to float a merger with T-Mobile in 2014 due to regulatory concerns, then deal talksThe DOJ decision was expected to come out Thursday, but was delayed as the DOJ spoke with states and encouraged them to support the deal,Claure said he hopes the state attorneys who brought the lawsuit will understand the potential value that could come from the deal.

I’m usually not on board with mergers but this merger actually gives someone a choice other the Verizon if they build out infrastructure.

Ugh. K.

South Africa South Africa Latest News, South Africa South Africa 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 »

T-Mobile, Sprint Merger Gets DOJ Approval With Sale of Assets to DishCharlie Ergen is poised to get into the wireless phone biz as part of T-Mobile and Sprint’s merger getting the regulatory green light. Ergen’s Dish Network entered into a $5 billion dea… Congrats to TMobile from The Astonishing Tales digital magazine!!!! Congrats and 5G for all!!! 5gforall TMobile
Source: Variety - 🏆 108. / 63 Read more »

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 »

T-Mobile-Sprint drama overshadows ‘industry’s best growth story,’ says analystT-Mobile US Inc.’s latest earnings show that the company is doing just fine on its own — even as the company’s deal for Sprint Corp. reportedly nears...
Source: MarketWatch - 🏆 3. / 97 Read more »