Nabila Ahmed
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U.S. Poised to Approve Merger of T-Mobile, Sprint
Apparently, the Department of Justice is poised to approve T-Mobile’s merger with Sprint under a divestiture plan that would equip satellite-TV operator Dish Network with the building blocks for a new wireless network. The companies have spent weeks negotiating with antitrust enforcers and each other over the sale of assets to Dish to satisfy concerns that the more than $26 billion merger of the No. 3 and No. 4 wireless carriers by subscribers would hurt competition.
Department of Justice Wants T-Mobile to Create New Competitor as Part of Deal
Apparently, top Justice Department officials want T-Mobile US and Sprint to lay the groundwork for a new wireless carrier -- with its own network -- as a condition to clearing their $26.5 billion merger. But the idea of spinning off a full-fledged national competitor would be a high bar for T-Mobile and Sprint to meet. T-Mobile and Sprint, the two smallest national wireless carriers, have to weigh whether the remedies offered to gain approval are too onerous.