T-Mobile Wins $26.5B Sprint Deal Approval With Plan To Create Rival

The Justice Department approved T-Mobile’s acquisition of Sprint, a deal it rejected under the previous administration, clearing one of the biggest hurdles to a takeover that will reshape the wireless industry. From a report: T-Mobile and Sprint agreed to sell multiple assets to Dish Network as a condition for approval, paving the way to creating a new wireless company, the Justice Department said in a statement Friday. The carriers have promised to deploy a 5G network that would cover 97% of the U.S. population within three years and 99% within six years. “The remedies set up Dish as a disruptive force in wireless,” said Makan Delrahim, the head of the Justice Department’s antitrust division, during a briefing with reporters.

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