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T-Mobile and Sprint merge one step closer

The upcoming merger between US telecom companies T-Mobile US and Sprint is said to be another step closer. The competition department of the US Department of Justice seems to want to approve the deal if the companies sell multiple assets. The New York Times writes that based on sources.

The companies have been trying for ages to get approval for their merger worth around 26 billion dollars. For example, they are willing to sell the mobile provider Boost, a Sprint daughter. They also promise to build a 5G network that also has coverage in the American countryside and to ensure more competition with broadband connection at home.

According to the newspaper, all signals could go green for the deal next week. In addition to Justice, the Federal Communications Commission (FCC) and Security Committee on Foreign Investment in the United States (CFIUS) must also give their approval.

About the author: Matthew Johnson

Matthew Johnson, a small tech business owner retired and found his passion in journalism.

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