Justice Department approves T-Mobile and Sprint merger

Illustration by Alex Castro / The Verge

The United States Justice Department has approved the $26 billion merger deal between T-Mobile and Sprint. After over a year in regulatory limbo, the merger received the green light from the last federal agency to hold out, with the Federal Communications Commission already signaling that it will approve the deal.

The Justice Department finally approved the deal after Dish reached an agreement with the carriers to acquire Boost Mobile, Virgin Mobile, Sprint’s prepaid business, and “certain” spectrum assets. This will position Dish as the replacement fourth major US carrier that will be lost once T-Mobile and Sprint merge. The two companies will be required to provide at least 20,000 cell sites and hundreds of retail locations to Dish,…

Continue reading…

from The Verge – All Posts https://ift.tt/2Yc3erm
via IFTTT

Check out the Finding Your Identity Podcast!