Take action against Sprint: DOJ announces agreement on $26 billion merger between T-Mobile and Sprint

From CNBC:

The Department of Justice announced Friday that it has reached an agreement on the more than $26 billion merger between T-Mobile and Sprint.

Following the announcement, shares of T-Mobile and Sprint hit new all-time highs of $85.22 and $8.06, respectively. Shares of Dish Network climbed as much as 3.5%.

As part of the agreement, Dish will pay $5 billion for a combination of divested assets including Sprint’s Boost Mobile, Virgin Mobile and other prepaid phone businesses, as well as some of Sprint’s wireless spectrum. T-Mobile will make at least 20,000 cell sites and hundreds of retail stores available to the company. Dish will also be able to access T-Mobile’s network for seven years.

Makan Delrahim, head of the DOJ’s antitrust division, said without these remedies, the merger would “substantially harm competition.”

Continue reading DOJ announces agreement on $26 billion merger between T-Mobile and Sprint on CNBC

Do you have a complaint about Sprint, such as hidden fees on your bill, lies by sales staff, or unsatisfactory service? Take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Wells Fargo, Hispanic Banker Settle Job Discrimination Lawsuit, says Bloomberg Law

From Bloomberg Law: Wells Fargo Bank NA and a Hispanic former personal banker resolved his lawsuit alleging race discrimination and...

Judge OKs $8.4M Deal In Uber Classification Suit, warns Law360

From Law360: More than 1,300 Uber Technologies Inc. drivers who claimed that their employer misclassified them as independent contractors...

Take action against Uber: Court Approves Uber’s $8.43 Million California Driver Settlement

From Bloomberg Law: Uber Technologies Inc. will pay $8.43 million to a class of California drivers who alleged they were...

Take action against Airbnb: Airbnb and VRBO Listings in Buffalo, 2017-2021 | | buffalonews.com

From Buffalo News: An interactive choropleth map showing the average monthly listings by zipcode in and around Buffalo. Data Reporter Corey Dockser...

Latest Verizon customer news: Verizon Business Selected to Transform Astellas Pharma’s Global Network Infrastructure

From Telecompetitor: 08/09/2022 – TOKYO, JAPAN – Verizon Business has been selected to manage Astellas Pharma Inc’s (Astellas) global network...

Airbnb news: Missing under ominous circumstances, mother and son are found in Oregon Airbnb

From The Mercury News: Two weeks after Canadian police came across a scene suggesting a missing mother and her son...

You might also likeRELATED
Recommended to you