DoJ Green-Lights T-Mobile / Sprint Merger
Jul 26, 2019, 10:43 AM by Rich Brome @richbrome
updated Jul 26, 2019, 10:45 AM
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns. The FCC has already announced it will allow the deal, meaning the deal is cleared at the federal level. Five state attorneys general joined in supporting the deal. However, ten state attorneys general have filed suit to block the deal on anti-trust grounds, including those for New York and California. Those states are not signed on to the deal announced today. That action remains outstanding and could still delay or scuttle the deal. The required deal with Dish will see Dish acquire all of Sprint's prepaid business, including the Boost and Virgin brands and 9 million customers with those brands, along with radio spectrum licenses. Dish will also have "robust access" to the new T-Mobile/Sprint network as an MVNO for at least seven years, giving it time to build out its own physical network. T-Mobile/Sprint will also be required to "make available" at least 20,000 tower sites and hundreds of retail locations, in order to facilitate Dish building its new network and wireless business. Dish has a long history of hoarding spectrum licenses while promising — but failing — to build any significant network to use them.
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