T-Mobile US Inc. won court approval for its $26.5 billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal.
T-Mobile US Inc. won court approval for its $26.5-billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal.
The ruling comes almost two years after the deal was first announced. The states’ lawsuit was the last major hurdle to the deal after it secured the blessing of regulators at the Federal Communications Commission and Justice Department’s antitrust division. It still needs approvals from California’s utility board and a federal judge in Washington who must sign off on the Justice Department settlement.Deutsche Telekom shares rose as much as 3.6% to 15.40 euros in Frankfurt.
As far as negotiation leverage goes, Sprint’s in a tough spot, said Walt Piecyk, an analyst with LightShed Partners. “Sprint has no alternative but to take whatever DT and T-Mobile offers them,” he said. “There’s really nothing else they can do.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Judge approves $26 billion merger of T-Mobile and SprintSprint soars after judge approves its $26 billion merger with T-Mobile
Les mer »
T-Mobile And Sprint’s $26 Billion Merger Gains Federal ApprovalThe two telecoms cleared their final hurdle: an antitrust lawsuit from 13 states.
Les mer »
T-Mobile And Sprint’s $26 Billion Merger Gains Federal Judge’s ApprovalA federal judge approved today the $26 billion merger between T-Mobile and Sprint by lisettevoytko
Les mer »
U.S. district judge expected to rule in favor of Sprint-T-Mobile merger: WSJA U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger...
Les mer »
WSJ News Exclusive | U.S. District Judge Expected to Rule in Favor of Sprint-T-Mobile MergerBreaking: A judge is expected to rule in favor of T-Mobile and Sprint in the antitrust fight over their proposed merger, people familiar with the matter say
Les mer »
U.S. judge expected to rule in favor of merger of Sprint, T-Mobile: sourcesA U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobi...
Les mer »