DOJ to hold briefing on ‘significant merger enforcement action’ By Reuters


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:) and T-Mobile US Inc (O:) 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:), 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:) and AT&T Inc (N:).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.