Click For Photo: https://cnet4.cbsistatic.com/img/HlE-NdtSFBWW23pklUPIDSEvQug=/756x567/2019/06/14/cc5aebaf-b24f-4965-bf81-fe3fd8aeb941/sprint-tmo-execs-gettyimages-1135374045.jpg
T-Mobile CEO John Legere, left, and Executive Director of Sprint Marcelo Claure talk before testifying at a House judiciary committee hearing in March.
The US Justice Department is getting close to approving T-Mobile's $26 billion merger with Sprint if the companies agree to sell multiple assets to help create a new wireless carrier, according to The New York Times. The paper reports that three unnamed sources close to the DOJ have said the agency could approve the deal as soon as next week, so long as a new nationwide phone carrier can be created to ensure sufficient competition in the wireless market.
Sprint - Deal - Federal - Communications - Commission
T-Mobile and Sprint have already struck a deal with the Federal Communications Commission to sell off Sprint's prepaid brand Boost Mobile in exchange for the agency's blessing. The FCC and the DOJ must each sign off on the deal. FCC Chairman Ajit Pai has already said he'd support the merger if the companies agreed to sell Boost and if they make other commitments, such as meeting build-out requirements for 5G wireless service. In addition to the Boost sale, the DOJ is also asking T-Mobile and Sprint to divest wireless...
(Excerpt) Read more at: CNET
Wake Up To Breaking News!
To despair is to turn your back on God, you can never despair.