2019年7月30日星期二

T-Mobile & Sprint Hit it High📱

U.S. DOJ Approves T-Mobile-Sprint Merger

T-Mobile (TMUS) and Sprint (S) just hit all-time highs.

In fact, TMUS just hit $a high of $85.22, as Sprint rallied to a high of $8.06 a share.

All after the U.S. Department of Justice announced it reached an agreement on the $26 billion merger between the two companies, which now consolidates the nation's third and fourth largest wireless providers. As part of the agreement, Sprint will now divest its Boost Mobile, Virgin Mobile, and Sprint prepaid phone businesses.

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T-Mobile will also divest some of its wireless spectrum to Dish Network.

Without such agreements, the mergers could "substantially harm competition," said Makan Delrahim, head of the DOJ's antitrust division, as quoted by CNBC. "Americans' access to fast, reliable and affordable wireless connectivity is critically important to our economy and to every American consumer and to their way of life." Continue reading here.

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