T-Mobile-Sprint merger wins approval from U.S. judge
It's official! T-Mobile and Sprint are both going to be merging as they have just received approval from a US judge. During a two week trial in December. T-Mobile and Sprint argued the merger will be better equipped and can provide cheap prices and will compete with top players like Verizon. This will essentially make a more efficient company and better prices. Shares of both companies rose Sprint's to $8.34 a share and T-Mobile $94.01 a share. The next step is to go to Japan's Softbank Group Corp. Sprint's controlling shareholder as the giant offloads an asset that has lost subscribers at a faster rate and as it seeks to secure funding for a second vision fund. This could mean some competitive prices from these company's in the near future. Sprint executives argued this was a matter of survival. With this could mean that national 5G could be possible and could come from these two tech giants in the near future. The states, led by California and New York, had said the deal would reduce competition, leading to higher prices. The federal government had to make sure there was still a fourth competitor and Sprint and T-Mobile agreed to give some space to Dish and let them run a cellular network. This could provide some interesting competition.