For over a year, T-Mobile and Sprint have been working to obtain permission for their $26 billion merger, and the U.S. Department of Justice has provided the green light for the agreement today. The news emerges as the two companies made an arrangement for Dish to purchase both Boost and Virgin Mobile and rent wireless spectrum to become a fourth significant cellular supplier in the United States.
In May, T-Mobile and Sprint obtained verbal FCC permission. Before providing its permission, the Department of Justice had some demands to create a fresh cellular competitor in the aftermath of the merging of the third and fourth largest carriers.
Recently, T-Mobile and Sprint talked to Dish about buying Boost and Virgin Mobile as well as leasing cellular spectrum to get the business up and running as a carrier. Reports proposed earlier this week that an agreement had been reached with Dish, bringing T-Mobile and Sprint closer to their objective.
Today, the DOJ endorsed the $26 billion (via the Verge) T-Mobile / Sprint deal. Makan Delrahim, deputy attorney general of the antitrust department of the agency, remarked on the merger:
The business will have access to 20,000 cell sites supplied by T-Mobile and Sprint, retail places, and wireless spectrum access for seven years as it develops its own network.
While the T-Mobile and Sprint merger appears to be a done deal, the last obstacle of the carriers will be the multi-state lawsuit lodged last month to prevent the merger by state attorneys general.