Advertisement

Justice Department OKs T-Mobile's $26.5B Sprint Deal

Justice Department OKs T-Mobile's $26.5B Sprint Deal Photo: WDIO, File

TALI ARBEL and MARCY GORDON Associated Press
Created: July 26, 2019 02:50 PM

U.S. regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts.
    
Friday's approval by the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a fourth wireless company, so the number of major U.S. providers remains at four.
    
Dish is buying prepaid cellphone brands such as Boost and Virgin Mobile and some spectrum, or airwaves for wireless service, from the two companies. It will also be able to rent T-Mobile's network for seven years while it builds its own.
    
Democratic attorneys general from 13 states have sued to stop the takeover, citing consumer harm. They may not be satisfied with the settlement and choose to press ahead.
 

Advertisement

Credits

TALI ARBEL and MARCY GORDON Associated Press

Copyright 2019 The Associated Press. All rights reserved.

Advertisement
Advertisement

Residents of Assisted Living Facility Achieve Goal of Riding Sun-Spot Bus

Duluth Heights Community Looking Forward to New Rink

State and Local Leaders Discuss Efforts to Address Affordable Housing in Minnesota

St. Louis County Commissioner Beth Olson Won't Run Again

Walker Appointee, Judge, Prof Face Off in High Court Primary

Minnesota House GOP Proposes Crackdown on Urban Crime

Advertisement