Reports say T-Mobile-Sprint merger could get DOJ approval very soon, possibly on Friday

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One of the big questions surrounding T-Mobile and Sprint’s merger right now is whether the U.S. Department of Justice will approve or block the deal. Today new reports say that approval is very close.

T-Mobile and Sprint’s divestiture deal with Dish Network and approval from the DOJ is “highly likely”, says CNBC‘s David Faber, with sources reporting that the merger has a 90 percent chance of moving forward. Faber adds that an approval could come very soon, but won’t arrive this week.

Meanwhile, Fox Business‘s Charles Gasparino says that the DOJ’s decision could come as soon as tomorrow. “Sides have drawn up a preliminary deal on concessions,” Gasparino claims, but he goes on to say that there’s no final decision quite yet and that something could come up at the last minute and derail the decision.

T-Mobile has already pledged to sell Boost Mobile, commit to in-home broadband and 5G rollout goals, and not raise prices for three years, all of which got FCC Chairman Ajit Pai to publicly support the merger. The DOJ has reportedly wanted more before it will approve the deal, with rumors saying that it wants T-Mobile and Sprint to help create a fourth competitive U.S. carrier.

We recently heard that Dish Network is close to paying around $6 billion for Boost Mobile as well as some wireless spectrum from T-Mobile and Sprint. It’s thought that if Dish does purchase those assets, that could satisfy the DOJ and get it to approve T-Mobile and Sprint’s merger. The merger is also facing a lawsuit from a group of 10 state attorneys general who want to block the deal, arguing that the merger would lessen competition and raise prices for consumers.

Thanks, Josh!

Sources: CNBC, Charles Gasparino

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  • Ver

    These stories provide no new information.

    • mreveryphone

      Your comment provides no new information. .

      • Ver

        Mine was a comment not designed to be news. I’ll bet you are an infant in traffic too.

  • Gardo

    At&t here we go!!! I’m taking my 7 lines to At&t after this for sure.

    • Ummon

      im bringing 7 lines to ntm. BALANCE RESTORED.

    • slybacon

      Would you also switch from a car that just filled it’s gas tank to one that hasn’t been filled up in a long time?

      • Gardo

        I’m jumping off the car before it goes down hill, it’s coming. Less providers equals worse service. Is just a matter of time.

        • slybacon

          Then how will AT&T help you if less providers equals worse service?

        • afazel

          Some people just like to complain and don’t put any real thought behind what comes out of their mouth ¯_(ツ)_/¯

        • Reagan1

          Agreed. Look at butt hurt Ben and Cliffy boys comments above.

        • Gardo

          It means I speak with my wallet. It basically gives a middle finger to T-Mobile for this unnecessary merge.

        • slybacon

          T-Mobile churn continues to decline. You’ll hardly be missed. Good luck.

        • AA-Ron

          He/she Makes absolutely no logical sense lol

        • marque2

          But how does the illogic of joining AT&T help you or anyone else for that matter.
          Non sequitur much?

        • disqus_7XunpanFgK

          Oh yeah, makes complete sense. Move away from the carrier that WILL NOT raise prices for 3 years, does not nickle and dime you with things like taxes and fees, and will have an actual ‘mobile’ nationwide 5G network. Good luck with your move to ATT.

    • SirStephenH

      So you’re saying that T-Mobile, which is first or second in almost all metrics, is about to get better speeds and coverage so you want to trade down to the third best carrier? Have you actually thought this through?

      • Nearmsp

        AT&T is the fastest mobile network in the United States according to PCMag’s latest annual mobile network comparison, which was released this morning. Sprint was the slowest of the big 4.

        • Ver

          PC Magazine is in AT&T’s pocket. I don’t believe a word they say.

  • Clifton K. Morris

    The Fox News commentator (who in their twitter account admits to enjoying vodka) is incorrect.

    In a less-slanted article published by Reuters, yesterday hundreds of thousands of people working for Sprint will be sold into slavery, when the merger fails to offer relocation and unemployment. Executives get retirement bonuses and golden parachutes.

    Also, the ghost of Marcus Goldman (the banker) was preparing a proforma release for Boost Mobile. With the Proforma, the Germans can sell Boost real estate leases to Little Caesars so all T-Mobile employees and customers across the land can easily walk next door (and gorge) on a new $5 Italian lunch special called “The Mussolini Special” each and every day. This is needed at a time when Taco Thursday’s fail and more and more Taco Bell’s face closure.

    A theory put forward was that customers were/are subconsciously connecting Trump’s Mexican wall ambitions to Taco Bell (Mexican food) thusly choosing other places and ultimately resulting in Taco Bell locations closing. The T-Mobile Taco Thursday deal has an accelerating to the closure of Taco Bell retail locations, and they have to cut the contract.

    That Reuters article also mentioned how pension funds of all Germans will benefit following inflation of the Euro. Unlike in the US, Pensions in Germany have increased in value. If you plot these market factors on a chart, and compare it to past, you’d see that these events which include inflation of the Euro has only occurred following European GSM Monopolies acquisition/purchase of US telecom companies (Inflationary news was published by two weeks ago).

    So this expansion across America; (including of Detroit-based Little Caesars) has resulted in the Euro currency not being as valuable today as it was last week.

    • Fabian Cortez

      The Fox News commentator (who in their twitter account admits to enjoying vodka) is incorrect.

      In a less-slanted article published yesterday by Reuters, concerns were raised about the hundreds of thousands of people working for Sprint. Will they be sold into slavery when the merger fails to offer relocation and unemployment? Will the Kansas-area execs get retirement bonuses and golden parachutes?

      Additionally, the ghost of Marcus Goldman (the banker) was preparing a proforma release for Boost Mobile. With the Proforma, the German firm can sell Boost real estate leases to Little Caesars. This way, all T-Mobile employees and customers across the land can easily walk next door (and gorge) on a new $5 Italian lunch special called “The Mussolini Special” each and every day (not just Tuesday). This is needed at a time when Taco Thursday’s are failing and more Taco Bell’s face closure.

      One theory put forward by economists at Georgetown University was that customers were/are subconsciously connecting Trump’s Mexican wall ambitions to Taco Bell (Mexican food) thusly choosing other places and ultimately resulting in Taco Bell locations closing. The T-Mobile Taco Thursday deal has an accelerating to the closure of Taco Bell retail locations, and they have to cut the contract. Therefore, the AGs are correct.

      A different Reuters article also mentioned how pension funds of all Germans will benefit following inflation of the Euro. Pensions in Germany have increased in value due to the inflation approval by Central Banker, Mario Draghi. If you plot all these market factors on a chart, and compare it to past, you’d see that these events which include inflation of the Euro has only occurred following European GSM Monopolies acquisition/purchase of US telecom companies (Inflationary news was published by two weeks ago).

      Overall(“, this expansion across America; (including of Detroit-based Little Caesars) has resulted in the Euro currency not being as valuable today as it was last week, but many reviews of “The Mussolini Special” have been relatively positive.

      Ridiculous as usual.

  • (J²)

    I personally believed there would be many attempts to “run off” T-Mobile in their attempts to acquire Sprint. As they have done in the past under the previous administration. Also very similar to AT&T’s attempt to acquire T-Mobile. None of these proposed mergers were officially denied.

    Fortunately, in this case (and based on very recent M&A activity) there are no grounds nor is there a case to deny this merger.

    The biggest issue are:

    Jobs: Which T-Mobile has promised but this doesn’t really fall within the scope of the FCC or DOJ. At the rate Sprint is declining, the jobs will be lost regardless.

    Competition: T-Mobile and Sprint are winning to spin off Boost Mobile and offer up some of the assets from the combined company.

    There are really no valid arguments against this merger. Verizon and AT&T continue to gobble up entities, with no end in sight… So, this shouldn’t be an issue.