T-Mobile and Sprint merger gets the green light from the judge, Sprint’s stock jumps 60%

After T-Mobile and Sprint has obtained approval for their $ 26 billi merger of the Ministry of Justice and the Federal Communicatis Commissi, the last major obstacle was a lawsuit seeking to block the agreement, Attorneys general from 13 states, plus the District of Columbia.

Reported by CNBC this morning, the US District judge who was presiding over the case has approved the merger, as expected. With the official cfirmati, Sprint shares have jumped by more than 60% in pre-market trading this morning.

The two carriers have needed to obtain approval from the California Public Utilities Commissi, but that should not be a problem.

It has been a lg journey for T-Mobile and Sprint to get to this point with the two officially filing their merger agreement in June 2018.

The two of them are still at the call of the merging carrier, the “T-Mobile”, you can check out the dedicated website here.

Reported by CNBC this morning, the US District judge who was presiding over the case has approved the merger, as expected. With the official cfirmati, Sprint shares have jumped by more than 60% in pre-market trading this morning.

The trial that the judge ruled the scope today by the Attorneys general from several states was based ccerns that the merger would be bad for csumers by creating less competiti in the wireless market. Now that the merger is mostly a de deal, time will tell if the New T-Mobile will keep its promises.

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