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U.S. District Judge Expected to Rule in Favor of Sprint-T-Mobile Merger: WSJ

Posted on the 11 February 2020 by Merks50

(Reuters) - A U.S. district judge is expected to rule in favor of Sprint (N:S) and T-Mobile (O:TMUS) merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The decision is expected to be made public Tuesday, the report said.

The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its .5 billion merger with Sprint.

Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.

Sprint and T-Mobile did not immediately respond to Reuters request for comment.

Shares of Sprint were up 50% at .2 in after market trading, while T-Mobile rose 6.5%.


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