Submitted via IRC for Bytram
It's official: US government approves T-Mobile/Sprint merger
The Justice Department today announced its approval of the T-Mobile/Sprint merger as part of a settlement that requires the merging companies to spin off several assets to Dish Network.
The DOJ decided against filing a lawsuit to block the T-Mobile US purchase of Sprint, even though it reduces the number of major mobile network providers from four to three. In exchange for its approval, the DOJ convinced the companies to sell Dish spectrum licenses, wholesale network access, and Sprint's prepaid business including subsidiaries Boost Mobile and Virgin Mobile. Boost and Virgin both resell Sprint network access instead of operating their own networks.
Dish would use its newfound assets to resell T-Mobile/Sprint service and to build its own network. The building-its-own-network part is far more crucial for Dish to effectively replace the competition eliminated by the merger, but this is expected to take several years.
The DOJ's approval is not the last one T-Mobile and Sprint need, because 13 states and the District of Columbia sued the companies to block the merger.
(Score: 1, Funny) by Anonymous Coward on Saturday July 27 2019, @01:57PM (2 children)
Why can states interfere in interstate commerce?
(Score: 0) by Anonymous Coward on Sunday July 28 2019, @01:01PM
You're asking the equivalent of "why can the federal government interfere when there exists a WTO".
(Score: 2) by Freeman on Monday July 29 2019, @04:22PM
All rights not explicitly given to the Federal Government/State Government are reserved for the people. Generally, the Federal Government, shouldn't be sticking it's nose in State Government business, unless it's been explicitly given the power to do that. As, the power should be left with the people, and the further out you get from local authority, the less authority they should have. Personal Freedoms > State Government > Federal Government
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"