Thursday, July 25, 2019

DOJ ready to break silence on T-Mobile's Sprint deal - Axios

This site uses cookies to enhance your reading experience. By using this site, you consent to our use of cookies.OkayStoriesT-Mobile CEO John Legere, left. with Sprint Executive Chairman Marcelo Claure. Photo: Chip Somodevilla/Getty ImagesThe Justice Department has called an 11 am ET press conference on Friday, with antitrust chief Makan Delrahim set to "announce a significant merger enforcement action." The agency has reportedly been pushing Sprint and T-Mobile to divest enough assets to create a viable fourth national wireless carrier in order to secure approval for the $26 billion merger.Why it matters: According to the Wall Street Journal, The DOJ has also been working to convince a number of state attorneys general, who have sued to block the deal, to approve the transaction with the new conditions.
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