Latest Sprint customer news: T-Mobile And Sprint’s $26 Billion Merger Gains Federal Judge’s Approval

From Forbes:

Topline: A federal judge approved on Tuesday the $26 billion merger between T-Mobile and Sprint, despite state attorneys general saying that the deal would hurt consumers by eliminating competition.

Big number: 90 million. That’s how many customers T-Mobile will have after the merger, according to the WSJ.

What to watch for: Sprint customers will be absorbed by T-Mobile, therefore becoming T-Mobile customers, the New York Times reported in July 2019. And customers of Sprint’s prepaid services will become Dish Network customers. But it’s unclear how long it will take for these changes to be implemented.

Key background: The merger was first agreed to by both companies two years ago in an all-stock deal. But the lawsuit filed by the states to stop the merger was possibly unprecedented, the WSJ reported in July 2019, because the DOJ and FCC had already approved the deal, and their federal counterparts had not yet weighed in on it. T-Mobile executives⁠—who will take over operations in the merger⁠—promised a smooth transition.

Continue reading T-Mobile And Sprint’s $26 Billion Merger Gains Federal Judge’s Approval on Forbes

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