EU Approves Sony Buyout of Sony Ericsson
The European Commission has approved Sony's intent to buy Ericsson's portion of the two companies' cell phone joint venture. Sony first announced in October that it planned to buy Ericsson out for $1.39 billion. EU regulatory approval was necessary for the deal to move forward. Sony said the first "Sony" branded Xperia smartphone will be released soon.
Nov 7, 2019
T-Mobile today announced plans to offer three new programs offering 5G service for free to certain groups, or cheaply for everyone else. The company is promising to launch the programs when and if it is allowed to merge with Sprint.
Apr 1, 2020
T-Mobile has officially completed its merger with Sprint. For the moment, the merger has little effect on customers, but "Sprint" lives only as a brand of T-Mobile, not a separate company.
Dec 18, 2018
Several government agencies have given T-Mobile and Sprint the approval they need to move forward with their merger plans. The Committee on Foreign Investment in the United States, the Department of Defense, the Department of Homeland Security, and the Department of Justice have all agreed to the deal, valued at $26.5 billion.
Dec 14, 2018
T-Mobile and Sprint expect their proposed merger will be given the green light by government security officials as soon as next week, according to a report from Reuters. The Committee on Foreign Investment in the United States (CFIUS) has been reviewing the merger for potential security issues.
Jul 26, 2019
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.