The Justice Department is expected to approve a $26 billion deal between mobile carriers Sprint and T-Mobile on Friday.
Assistant Attorney General Makan Delrahim, head of the department’s Antitrust Division, will announce a significant merger enforcement action on Friday, the Justice Department announced earlier today.
The expected approval, which would put the deal over a major hurdle, will come with conditions and a consent decree that will require the carriers to sell assets including the prepaid brand Boost Mobile to satellite TV provider Dish Network Corp, people briefed on the matter told Reuters.
Prepaid wireless phones are generally sought by lower-income people who cannot pass a credit check.
Dish will also get first rights to buy tower leases that T-Mobile decides are redundant following the deal, a source said.
T-Mobile, the third largest U.S. wireless carrier, pursued the deal in order to seek scale to compete with bigger rivals Verizon Communications Inc and AT&T Inc.
Apple can’t seem to figure out how to kowtow to China without losing face in the US.
Most U.S. adults answer fewer than half questions correctly on digital know-how quiz, and many struggle with cybersecurity and privacy
From left: Akira Yoshino, Dr. M. Stanley Whittingham and Dr. John Goodenough (Charles Dharapak / Yoshiaki Sakamoto / Kyodo News / Binghamton University) The 2019 Nobel Prize in Chemistry has been awarded to three scientists whose work developing lithium-ion batteries made mobile phones, iPads, laptops, and electric cars possible. The three recipients are U.S. engineer […]
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