Justice Department antitrust chief Makan Delrahim is breaking with a precedent set by the Obama administration.
The Justice Department gave a green light on Friday to the $26 billion merger of T-Mobile and Sprint, in a decision critics say will lead to higher prices for wireless customers — while raising questions about the Trump administration's commitment to antitrust enforcement.
In allowing T-Mobile to proceed with the acquisition, Justice Department antitrust chief Makan Delrahim is breaking with a precedent set by the Obama administration, which resisted tie-ups among the nation’s biggest wireless companies. The federal approval is a big win for T-Mobile CEO John Legere, who has argued for more than a year that the deal will help the Trump administration win the race against China to super-fast 5G wireless. Despite Legere's earlier history of trading insults with Trump, he repeatedly stayed at the Trump International Hotel in Washington during the regulatory review of the Sprint merger.
Under the terms of the agreement, DISH will buy two of Sprint's prepaid wireless businesses, Boost Mobile and Virgin Mobile, as well as 400 retail stores and a swath of airwaves to be used in building a nationwide network.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justice Department in Talks With States to Win Support for T-Mobile, Sprint MergerThe Justice Department is pushing state officials to support a planned settlement that would allow T-Mobile US and Sprint to merge by selling assets to Dish Network.
Read more »
T-Mobile's $26.5 billion takeover of Sprint clears major hurdle with Justice Department clearanceU.S. regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts.
Read more »
Justice Department OKs T-Mobile's $26.5B Sprint dealRegulators approve T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. The OK comes after after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a fourth wireless company.
Read more »
T-Mobile-Sprint drama overshadows ‘industry’s best growth story,’ says analystT-Mobile US Inc.’s latest earnings show that the company is doing just fine on its own — even as the company’s deal for Sprint Corp. reportedly nears...
Read more »
T-Mobile, Sprint Merger Gets DOJ Approval With Asset Sales to DishDish said it 'will enter the U.S. wireless market as the fourth nationwide facilities-based network competitor” with what it called a 'transformative transaction.'
Read more »