Despite some ongoing and vociferous opposition to T-Mobile and Sprint’s brewing merger, the U.S. Department of Justice today officially approved it. Notably, the approval comes just a few weeks after the Antitrust Division within the DOJ recommended that the $26.5 billion merger be blocked. Incidentally, the FCC indicated that it was amenable to the merger this past May.
There are, naturally, some caveats worth mentioning with respect to the DOJ approval. First and foremost, the merger hinges on Sprint divesting itself from Boost Mobile, Virgin Mobile, and its own prepaid phone business. Additionally, some of T-Mobile and Sprint’s spectrum will be handed over to Dish.
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Justice Department approves $26.5 billion T-Mobile and Sprint merger originally appeared on BGR.com on Fri, 26 Jul 2019 at 12:03:04 EDT. Please see our terms for use of feeds.
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