The proposed T-Mobile-Sprint merger got the go-ahead on Tuesday, Yahoo Finance/Reuters reported. A judge approved the deal, rejecting antitrust concerns raised by some states.
During a two-week trial in December, T-Mobile and Sprint argued the merger will better equip the new company to compete with top players Verizon Communications Inc and AT&T Inc, creating a more efficient company with low prices and faster internet speeds. The states, led by California and New York, had said the deal would reduce competition, leading to higher prices. The decision by U.S. District Court Judge Victor Marrero clears the path for the deal, which already has federal approval and was originally valued at $26 billion.
Check It Out: T-Mobile-Sprint Merger Gets go Ahead
