July 26, 2019 / 2:54 AM / 22 days ago

DOJ to hold briefing on 'significant merger enforcement action'

FILE PHOTO: A T-Mobile store is pictured in the Manhattan borough of New York, New York, U.S., May 20, 2019. REUTERS/Carlo Allegri/File Photo

(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 (S.N) and T-Mobile US Inc (TMUS.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 (DISH.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 (VZ.N) and AT&T Inc (T.N).

Reporting by David Shepardson in Washington and Subrat Patnaik in Bengaluru; editing by Gopakumar Warrier

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