Today the FCC voted to approve the T-Mobile and Sprint merger. This comes after the Department of Justice approved the merger of T-Mobile and Sprint back in July after both sides agreed to a deal to sell some assets to Dish including Boost Mobile for $5 billion. The T-Mobile and Sprint merger will be a $26 billion deal to bring the two companies together.
On T-Mobile’s website pushing for the merger they say: “It is absolutely imperative that the U.S. extends the global innovation, technology and economic leadership it seized during the 4G era. It is easy to forget now, but the 4G revolution unleashed innovation that led to the modern economy we interact with every day. Lyft, Uber, Snapchat, Tinder, Venmo, Square, Instagram…these are companies that simply do not exist without 4G. But 4G didn’t just create a herd of unicorns. Global leaders such as Facebook, Alphabet, Amazon, and Netflix adapted their businesses and their growth exploded!”
The deal is far from done as thirteen state attorneys and the District of Columbia have filed a lawsuit to block the merger on fears that it will lower competition resulting in higher prices. If this deal closes it would mean that DISH would become the 4th largest wireless provider in the United States. For now, we will have to wait and see what happens with the lawsuits trying to block the merger.
This is breaking news we will post more as we learn more.
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