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.
The video conferencing app Zoom has become suddenly ubiquitous over the past few weeks, as the coronavirus shutdown closes schools, businesses, and keeps us all indoors. Shares of Zoom dropped 9% on Monday, adding to their sharp declines in recent days, as security and privacy vulnerabilities are reported. There is also new competition from other […]
Canada’s prime minister Justin Trudeau says the country has signed an agreement with Amazon.com for the distribution of critical emergency medical supplies such as masks, face shields, gowns, ventilators, and test kits in the COVID-19 crisis.
“Researchers conclude that Zoom uses non-industry-standard cryptographic techniques with identifiable weaknesses and is not suitable for sensitive communications.”
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