Sprint and T-Mobile Merger Approval, Said to Be Near, Could Undercut Challenge by States [The New York Times]
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Source: The New York Times
Sprint and T-Mobile Merger Approval, Said to Be Near, Could Undercut Challenge by States - The New York Times WASHINGTON — The Justice Department is moving closer to approving T-Mobile’s $26 billion merger with Sprint, but only if the companies sell multiple assets to create a new wireless competitor, according to three people familiar with the plan. If such an arrangement is approved, it could weaken an effort by attorneys general from nine states and the District of Columbia to halt the blockbuster deal with a suit that they filed this week. The department is pushing T-Mobile and Sprint to sell a prepaid mobile service and valuable radio frequencies that carry data to wireless devices, the people said. The companies have approached three internet and providers — Dish Network, Charter and Altice — about buying Boost Mobile, a prepaid service owned by Sprint, and airwaves owned by Sprint, one of the people said. A settlement between the companies and federal regulators could be compl
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