Judge Approves $26 Billion Merge of T-Mobile and Sprint

Judge Approves $26 Billion Merge of T-Mobile and Sprint

Ken Wolter

photo credit: Ken Wolter // Shutterstock

Sprint and T-Mobile may soon become one!

A U.S. District judge has just ruled in favor of a $26 billion deal to merge to two companies, but the deal still won’t close until California Public Utilities Commission approves.

The two companies have been trying the merge for a few years, but have continuously bailed on the idea until now.

Attorneys general from New York, California, Connecticut, Hawaii, Illinois, Maryland, Michigan, Minnesota, Oregon, Wisconsin, Massachusetts, Pennsylvania, Virginia and Washington, D.C., originally brought the lawsuit to block the deal following approval from the Justice Department and the Federal Communications Commission, fearing that the merge would limit competition and result in higher prices for customers.

The companies argued that their merger would help them compete against AT&T and Verizon.

Written by Clarke Jones

Source: NBC News