Judge clears a major path to T-Mobile's $26.5B Sprint bid
federal judge has cleared a major path to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by more than a dozen states that the deal would mean less competition and higher phone bills.
Though the deal still needs a few more approvals, T-Mobile expects to close it as early as April 1.
Once that happens, the number of major U.S. wireless companies would shrink from four to three. T-Mobile says the deal would benefit consumers as it becomes a fiercer competitor to the larger Verizon and AT&T. The deal would also create a new, but smaller competitor as satellite TV company Dish pledges to build a next-generation, 5G cellular network.
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