Why Sprint's Shares Rose 11.6% in July
Shares of Sprint (NYSE: S) gained 11.6% in July 2019, according to data from S&P Global Market Intelligence. The smallest of America's four major telecommunications networks moved one step closer to closing a long-awaited merger with slightly larger peer T-Mobile US (NASDAQ: TMUS).
The U.S. Department of Justice gave this merger its stamp of approval, but only under certain conditions. The wireless market needs a fourth large-scale competitor, the DOJ argued, and DISH Network (NASDAQ: DISH) could provide that service if Sprint and T-Mobile offload some of their assets to the satellite TV specialist. At the end of the day, the Sprint brand should fall off the map and be replaced by a souped-up version of Boost Mobile -- under Dish Network's management.
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Source Fool.com
