Federal judge approves T-Mobile's $26.5B takeover of Sprint

Federal judge approves T-Mobile's $26.5B takeover of Sprint

4 years ago
Anonymous $-riAjkQg_1

https://apnews.com/dc8998c367a04163fe1fac0e94f7094b

NEW YORK (AP) — A federal judge has approved T-Mobile's $26.5 billion takeover of Sprint, rejecting objections from a group of states and removing a major obstacle to a shakeup in the wireless industry.

After the deal closes, 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.