February 10, 2020 / 11:42 PM / in 16 days

U.S. district judge expected to rule in favor of Sprint-T-Mobile merger - WSJ

Feb 10 (Reuters) - A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The decision is expected to be made public Tuesday, the report here said.

The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its $26.5 billion merger with Sprint.

Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.

Sprint and T-Mobile did not immediately respond to Reuters request for comment.

Shares of Sprint were up 50% at $7.2 in after market trading, while T-Mobile rose 6.5%. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below