Premium Post: The Sprint – T-Mobile Merger Enters The Final Round
On April 29, 2018, T-Mobile US (TMUS) and Sprint Corporation (S), the third and fourth largest wireless carriers in the US, announced a definitive agreement to merge in an all stock deal. The two companies had tried to merge three times since 2014 before finally agreeing to combine in 2018. The ensuing battle to close the deal lasted almost two years with the final hurdle to the deal removed today. The deal received approval from The Federal Communications Commission and The DOJ last year but had to face multiple lawsuits by attorneys general from 14 states and the District of Columbia who claimed that the deal would “deprive consumers of the benefits of competition and drive up prices for cell phone services.” On July 24, 2019, Dish Network (DISH) agreed to pay $5 billion for wireless assets in a deal with T-Mobile (TMUS) and Sprint (S), setting the stage for the Justice Department to approve the merger between the two companies. After months of struggle with antitrust issues, T-Mobile US (TMUS) and Sprint Corporation (S) finally received a favorable decision in Federal Court in New York and expect the deal to complete in the next few weeks. Sprint’s stock rose 77.5% to $8.52 from...
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