T-Mobile and Sprint have reached a “definitive agreement” to merge in an all-stock deal, which would create a new company with a total value of US$146 billion, based on current stock prices.
The two companies, the third- and fourth-largest US wireless carriers, respectively, behind Verizon and AT&T, have been trying to merge for years. But previous efforts have failed, often falling apart under intense regulatory scrutiny.
This deal still needs regulatory approval, from both the Justice Department, which will weigh antitrust concerns, and the Federal Communications Commission, which will consider whether the deal is in the public interest.
US regulators have recently challenged AT&T’s US$85 billion deal to purchase Time Warner, Reuters notes, and “are expected to grill Sprint and T-Mobile on how they will price their combined wireless offerings.”
The companies say merging will allow them to lower prices and put more pressure on Verizon and AT&T.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI