T-Mobile, Sprint merger clears major hurdle with judge’s approval

A $26 billion merger between T-Mobile and Sprint was approved Tuesday by a federal judge. With the ruling, the deal has cleared a major regulatory hurdle and is expected to go through.

Sprint stock jumped 76% following the news. T-Mobile shares were up 10%.

Attorneys general from more than a dozen states had sued to block the deal. They argued the merger of the No. 3 and No. 4 U.S. wireless carriers would lead to higher prices for consumers.

Sprint and T-Mobile argued the merger would let them build a 5G network across the country. They said the deal was necessary to compete with Verizon and AT&T, the two largest U.S. carriers.


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