DoJ Green-Lights T-Mobile / Sprint Merger
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns. The FCC has already announced it will allow the deal, meaning the deal is cleared at the federal level. Five state attorneys general joined in supporting the deal. However, ten state attorneys general have filed suit to block the deal on anti-trust grounds, including those for New York and California. Those states are not signed on to the deal announced today. That action remains outstanding and could still delay or scuttle the deal. The required deal with Dish will see Dish acquire all of Sprint's prepaid business, including the Boost and Virgin brands and 9 million customers with those brands, along with radio spectrum licenses. Dish will also have "robust access" to the new T-Mobile/Sprint network as an MVNO for at least seven years, giving it time to build out its own physical network. T-Mobile/Sprint will also be required to "make available" at least 20,000 tower sites and hundreds of retail locations, in order to facilitate Dish building its new network and wireless business. Dish has a long history of hoarding spectrum licenses while promising — but failing — to build any significant network to use them.
Jul 26, 2019
Dish Network will pay $5 billion to buy significant Sprint assets in an attempt to create a new national 5G wireless network, in a deal brokered by the US Department of Justice to win approval for T-Mobile merging with Sprint. The deal includes $3.6 billion for licenses to 14 MHz of nationwide 800 MHz spectrum.
Jul 26, 2019
New York State Attorney General Letitia James today confirmed that she continues to lead a coalition of 14 states in suing to stop the merger of T-Mobile and Sprint on anti-trust grounds, in spite of today's approval of the merger by the US Department of Justice. The states' concerns include specific issues with the deal announced today by the DoJ and Dish, for Dish to take certain assets from Sprint to build a new, fourth national carrier.
May 22, 2019
Internally, the US Justice Department's antitrust division has recommended the agency file a lawsuit to block the proposed merger of T-Mobile and Sprint, according to a Reuters reports citing two sources familiar with the matter. The final decision on whether to allow the merger now lies with political appointees at the department.
May 20, 2019
FCC Chairman Ajit Pai announced that he will recommend the agency approve the proposed merger between T-Mobile and Sprint. To secure the recommendation, the companies have promised to divest the Boost prepaid brand and not raise prices for three years.
Aug 7, 2019
Samsung today announced the Galaxy Note10 and Note10+. The company's super-flagship Note series for 2019 comes in two sizes: The Note10 packs a screen similar to the Note9 into a smaller body, while the Note10+ sports a larger display in a body similar in size to the Note9.
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