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DOJ to approve T-Mobile/Sprint merger despite 13 states trying to block it
The Justice Department plans to approve the T-Mobile/Sprint merger as part of a settlement involving the sale of spectrum licenses, wholesale access, and a prepaid wireless business to Dish Network, The Wall Street Journal reported today.
"The companies have spent weeks negotiating with antitrust enforcers and each other over the sale of assets to Dish to satisfy concerns that the more than $26 billion merger of the No. 3 and No. 4 wireless carriers by subscribers would hurt competition," the Journal wrote, citing people familiar with the matter.
As a result of those negotiations, the DOJ is "poised to approve" the merger and could announce a settlement with T-Mobile and Sprint "as soon as this week, but the timing remains uncertain," the Journal wrote.
Even if the DOJ approves the merger, T-Mobile and Sprint will still have to defend it in court because of a lawsuit filed against them by 13 states and the District of Columbia.
Would you rather they each fail and get gobbled up by AT&T and Verizon, or join forces to have a chance to compete against them... and join in a battle against the the consumer?
(Score: 2) by PartTimeZombie on Friday July 26 2019, @01:51AM (1 child)
Yeah, unfortunately the "Mom and Pop" ISP's that might spring up won't be able to supply the levels of "campaign contributions" that the ruling class have become so fond of.
(Score: 0) by Anonymous Coward on Friday July 26 2019, @06:30PM
so we all know what the problem is, but they know we know. they just don't care because we never do anything about it. they only respect power. the people need to assert theirs for things to change.