Sprint's stock soars more than 70% after judge approves T-Mobile merger

The $26 billion merger between T-Mobile and Sprint has been approved, ending a years-long attempt to combine the United States' third- and fourth-largest wireless carriers.

A federal judge ruled Tuesday in favor of the marriage allowing the two telecom giants to combine. US District Court Judge Victor Marrero said in his ruling that he didn't envision the companies"would pursue anticompetitive behavior" and rejected the lawsuit brought on by a dozen US states. The judge said that Sprint on its own couldn't"continue operating as a strong nationwide competitor.

They said an additional 12,000 jobs will be created to staff 600 new stores and five new"customer experience centers."The merger could be finalized in early April. A new website has been started to promote the combined companies at NewTMobile.com.To alleviate antitrust concerns, Sprint and T-Mobile have proposed a deal with Dish Network , which would buy some wireless assets from the companies to create a new nationwide carrier.

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