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 – Content Continues Below

Credits

TALI ARBEL and MARCY GORDON Associated Press

Copyright 2019 The Associated Press. All rights reserved.

Advertisement
Advertisement

Deer River Man Charged With Murder of Child

Update: Missing Woman Found Safe in Hermantown

Duluth Police Look for Suspect in Home Invasion

Community Calls for More Lifeguards on Red Flag Days

UPDATE: Missing Esko Teen Located Safe

Duluth B Company Marines Reunite to Honor 69th Anniversary of Call to Active Duty

Advertisement
Advertisement
Advertisement