T-Mobile/Sprint merger “close”
July 22, 2019
By Chris Forrester
Actual details are sketchy but Wall Street senses that the long-awaited merger between T-Mobile and Sprint is extremely close.
Reports suggest that a formula has been agreed whereby the Departmnet of Justice can approve the $26.5 billion merger.
Dish Network boss Charlie Ergen is said to be happy to participate in the acquisition of Boost Mobile, and with the DoJ confirming it had passed the deal on Wednesday, or perhaps after the market closes on Tuesday.
Key to the deal is that Ergen must launch a national 4th cellular network within 12 months, and that consumers will be protected from any excessive price inflation.