Monday, July 22, 2024
HomeNewsBreaking NewsBreaking News: T-Mobile-Sprint Merger Is Approved by Justice Dept

Breaking News: T-Mobile-Sprint Merger Is Approved by Justice Dept

The United States Justice Department has approved the $26 billion merger deal between T-Mobile and Sprint. After over a year in regulatory limbo, the merger received the green light from the last federal agency to hold out, with the Federal Communications Commission already signaling that it will approve the deal.

The Justice Department finally approved the deal after Dish reached an agreement with the carriers to acquire Boost Mobile, Virgin Mobile, Sprint’s prepaid business, and “certain” spectrum assets. This will position Dish as the replacement fourth major US carrier that will be lost once T-Mobile and Sprint merge. The two companies will be required to provide at least 20,000 cell sites and hundreds of retail locations to Dish, and the satellite TV provider will also get unfettered access to T-Mobile’s network for seven years as it works to build out a mobile network of its own using the newly acquired assets and spectrum that Dish has held on to for years. Dish has publicly remained silent on its plans throughout this entire process, but that is likely to change starting today.

The Heat Reporter
The Heat Reporterhttp://theheatmag.com
Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Melissa Ellis on CONTROL!!!
Arlene Culpepper, Asst. Editor-in-Chief on STRAIT JIGG: ‘Ova Ya Dome’ Mixtape Debuts
GI GI on Interviews
bestever2682 on Lil Kim Boycotts BET Awards
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
Arlene Culpepper, Asst. Editor-in-Chief on Jack Spratt: A Genuine New Orleans Original
Arlene Culpepper, Asst. Editor-in-Chief on D.E.T.D.F.’s Annual Easter Egg Hunt
J. 'StraitJigg' Wineburg on Mike Tyson Covers Esquire Magazine (Photo)