T-Mobile and Sprint Received Merger Approval: What's Next
T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) overcame the latest roadblock in their efforts to merge. The Justice Department approved the merger based on an agreement between the two companies and DISH Network (NASDAQ: DISH) to establish a fourth wireless network. DISH will pay between $5 billion and $6 billion for various wireless assets from the two companies, as well as the rights to use New T-Mobile's wireless network for seven years.
But the merger still isn't a done deal. All parties involved have a lot of work to do to meet the Justice Department's and the FCC's requirements for approving the deal.
Image source: T-Mobile.
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