Friday, July 26, 2019

DOJ announces agreement on $26 billion merger between T-Mobile and Sprint

The Department of Justice announced Friday it has reached an agreement on the more than $26 billion merger between T-Mobile and Sprint.

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 Network 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.. . . more