T-Mobile's $26.5B Sprint megamerger clears major legal hurdle

[Applewood]

T-Mobile's $26.5B Sprint megamerger clears major legal hurdle

T-Mobile's deal with Sprint is almost across the finish line after a New York court decision that the pending $26.5 billion transaction could go ahead. US District Judge Victor Marrero formally ruled on Tuesday in favor of the deal, which will combine the third- and fourth-largest US wireless carriers. 

Fourteen state attorneys general, led by New York and California, had opposed the transaction, arguing that combining the companies would dramatically reduce competition and push up prices.

More at:

https://www.cnet.com/news/t-mobiles-26-5b-sprint-mega-merger-clears-major-legal-hurdle/

[Elderberry]

Here’s what the merger of T-Mobile and Sprint will mean for their customers

Houston Chronicle by  Dwight Silverman Feb. 11, 2020

https://www.houstonchronicle.com/techburger/article/Here-s-what-the-merger-of-T-Mobile-and-Sprint-15047121.php

Now that a federal judge in New York has ruled that T-Mobile and Sprint can combine their companies, their roughly 100 million customers are left wondering: What will happen to my cellular service if this match-up does go through?

There remains the possibility of an appeal by the attorneys general from 13 states and the District of Columbia who filed the lawsuit seeking to stop the merger. And there are other bureaucratic obstacles. For example, the California Public Utility Commission, which has yet to rule on the deal, and must give its blessing if the combined entity wants to do business in the most populous state in country.

But assuming the merger goes through, there will be three major wireless service providers in the United States: AT&T, Verizon and T-Mobile. As part of an agreement with federal regulators, a fourth carrier will be spun off out of Sprint’s Boost Mobile subsidiary, which is being sold to Dish Network. T-Mobile executives have said the merger could close as early as April 1.

Here’s what your new wireless landscape will look like, if the deal goes down.

A new name, new CEO, new attitude?

The combined company will get a new name. Well, really, it’s an old name with “new” added to it. T-Mobile CEO John Legere is already using “The New T-Mobile” when referring to the post-merger entity.

More at link.