DOJ to hold briefing on 'significant merger enforcement action'
Reuters
Published Jul 25, 2019 10:54PM ET
DOJ to hold briefing on 'significant merger enforcement action'
By David Shepardson
(Reuters) - U.S. Justice Department said Assistant Attorney General Makan Delrahim of the department's Antitrust Division will announce a significant merger enforcement action on Friday.
The justice department is set to announce that it is approving the merger of Sprint Corp (N:S) and T-Mobile US Inc (O:TMUS) at a press event on Friday, sources briefed on the matter told Reuters.
The expected approval will come with conditions and a consent decree that will include the carriers selling assets to Dish Network Corp (O:DISH), people briefed on the matter told Reuters.
T-Mobile is awaiting approval for its $26.5 billion deal to buy smaller rival Sprint, as the third-largest U.S. wireless carrier seeks scale to compete with bigger rivals such as Verizon Communications Inc (N:VZ) and AT&T Inc (N:T).
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Written By: Reuters
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