Sprint, T-Mobile Have to Sell $26.5 Billion Deal to Antitrust Regulators
Courtesy: AP
As featured on
A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills.
The head of the Federal Communications Commission has moved to approve T-Mobile's merger with Sprint. The $26-billion deal is expected to easily pass the FCC's Republican majority - but it may take time.
Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile's $26.5 billion bid for Sprint in a case that may reach trial in October.
