eddie4
Genuinely Generous
The Department of Justice announced Friday it has reached an agreement on the more than $26 billion merger between T-Mobile and Sprint.
“The reported deal would eliminate Sprint, an established competitor in the wireless marketplace, and replace it with Dish, an unproven newcomer that has no experience in building its own wireless network, which it will need to build essentially from scratch,” George Slover, senior policy counsel for Consumer Reports said in a statement.
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 to Dish and 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.
Separately, Dish announced it struck an agreement with the Federal Communications Commission to establish a 5G broadband network covering 70% of the U.S. population by June 2023. If it doesn’t meet that deadline, it will pay the U.S. Treasury as much as $2.2 billion.
However, T-Mobile and Sprint still face an ongoing lawsuit from 13 state attorneys general and the District of Columbia.
src:
DOJ announces agreement on $26 billion merger between T-Mobile and Sprint
T-Mobile and Sprint still face a lawsuit from 13 state attorneys general before the deal can close.
www.cnbc.com
T-Mobile and Sprint get DOJ approval for $26 billion merger deal | TechCrunch
The U.S. Department of Justice this morning gave the green light to T-Mobile US and Sprint for their proposed $26 billion merger. The deal, which would
techcrunch.com
merge me if old.