Moneycontrol
Get App
Last Updated : Jul 27, 2019 08:26 AM IST | Source: PTI

US approves merger of wireless operators T-Mobile, Sprint

The deal calls for Sprint to sell some of its prepaid wireless operations to Dish Network, to allow for a new competitor, as well as the divestment of some spectrum assets.

US authorities on July 26 approved the $26 billion merger of wireless carriers T-Mobile and Sprint in a deal that brings together the third- and fourth-largest operators in the sector. The deal calls for Sprint to sell some of its prepaid wireless operations to Dish Network, to allow for a new competitor, as well as the divestment of some spectrum assets.

Makan Delrahim, head of the Justice Department's Antitrust Division, said the agreement "will provide Dish with the assets and transitional services required to become a facilities-based mobile network operator that can provide a full range of mobile wireless services nationwide."

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Jul 27, 2019 08:24 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant