a Federal judge in the United States on 11 February decided in favor of the takeover of the telecommunications company Sprint by T-Mobile in the framework of the merger of the third and fourth largest Telecom operators in the country, reports The New York Times.
it is Noted that after completion of the transaction in the USA will create a new telecommunications giant, which can compete with the largest operators in the country — AT&T and Verizon.
Earlier, the prosecutors General of the 13 American States tried to overturn the resolution on the merger, which was adopted by the Ministry of justice and the Federal communications Commission.
Prosecutors alleged that the merger of T-Mobile and Sprint will reduce the level of competition in the telecommunications industry of the United States, and also will lead to higher bills for cell phones and will lay the financial burden on customers with low income.
in addition, it is reported that the deal will create a new telecommunications giant called T-Mobile, which will serve over 100 million customers.
T-Mobile and Sprint have long claimed that the merger is crucial for their futures in an industry that is facing price wars that undermine profits and impede growth. Together with Sprint, T-Mobile said that it will be able to accelerate the development of 5G networks generation.
the New company will be headed by Mike sievert, Executive Director of T-Mobile.
the day before the official announcement of the decision of the court Sprint shares have soared more than 60% after the publication of The Wall Street Journal reported on the impending approval of the transaction. Shares of T-Mobile increased by about 10%.