Get Ready for New T-Mobile
Nearly two years after announcing their proposed merger, T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) are just inches away from closing the deal. The two companies have successfully navigated multiple obstacles, securing approval from regulators at the Federal Communications Commission (FCC) and the Department of Justice (DOJ) Antitrust Division after agreeing to a series of concessions designed to preserve competition in the U.S. wireless market.
A group of state attorneys general filed a multistate lawsuit seeking to block the deal. Numerous attorneys general joined that effort, only for T-Mobile and Sprint to woo them one by one with state-specific concessions in order to coax some into withdrawing from the suit. The case went to trial in December, and this week, a federal judge officially signed off on the deal that will reshape the telecom industry for years to come.
Get ready for New T-Mobile.
Source Fool.com
