T-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of riva...
WASHINGTON - T-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of rival Sprint Corp, the Justice Department said on Friday, clearing a major hurdle to a deal that would merge the nation’s third and fourth largest wireless carriers.
“With this merger and accompanying divestiture, we are expanding output significantly by ensuring that large amounts of currently unused or underused spectrum are made available to American consumers in the form of high quality 5G networks,” Delrahim said. “We have serious concerns that cobbling together this new fourth mobile player, with the government picking winners and losers, will not address the merger’s harm to consumers, workers, and innovation,” she said.
T-Mobile, the third largest U.S. wireless carrier with about 80 million customers, pursued the deal in order to seek scale to compete with bigger rivals Verizon Communications Inc and AT&T Inc. Sprint has about 55 million customers. The FCC is expected to give Dish more time to use spectrum it previously acquired but also impose strict penalties if it fails to create a consumer wireless network within a set timeframe.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
DOJ approves $26.5B merger between Sprint and T-MobileWhile the merger between the number three and four players in the wireless market effectively reduces competition, the DOJ has demanded that both companies must sell key assets.
Leer más »
DOJ announces agreement on $26 billion merger between T-Mobile and SprintThe Department of Justice has formally reached an agreement with Sprint and T-Mobile on their merger, but a lawsuit from several state attorneys general remains.
Leer más »
Justice Department OKs T-Mobile's $26.5B Sprint dealRegulators approve T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. The OK comes after after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a fourth wireless company.
Leer más »
U.S. Approves T-Mobile-Sprint MergerThe Justice Department approved T-Mobile US’s merger with Sprint after the companies agreed to create a new wireless carrier by selling assets to satellite-TV provider Dish Network.
Leer más »
Netflix’s Market Value Drops $26 Billion In A Week; Founder’s Net Worth Falls In TandemFounder Reed Hastings’ net worth is down more than $800 million.
Leer más »
Justice Department Approves Sprint–T-Mobile MergerThe deal is worth $26 billion.
Leer más »