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July 29, 2019

T-Mobile's $26.5B Sprint deal OKed despite competition fears

  • The combined company would approach the size of Verizon and AT&T. The deal sets up satellite-TV provider Dish as a smaller rival to the companies.
  • By TALI ARBEL and MARCY GORDON
    Associated Press

    WASHINGTON — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country.

    Friday's approval from the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a smaller rival to Verizon, AT&T and the combined T-Mobile-Sprint company. The Justice Department's antitrust chief, Makan Delrahim, said the conditions set up Dish “as a disruptive force in wireless.”


     
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