Sprint and T-Mobile agree to combine in $26.5 billion deal

in news •  7 years ago 


T-Mobile and Sprint accomplished a $26.5 billion alliance acceding Sunday that would abate the U.S. wireless industry to three above players — that is, if the Trump administration's antitrust regulators let the accord go through. The nation's third- and fourth-largest wireless companies accept been because a aggregate for years, one that would aggregate them up to a agnate admeasurement as industry giants Verizon and AT&T. In a appointment alarm with Wall Street analysts, Sprint CEO Marcelo Claure accustomed that accepting authoritative approval is "the albatross in the room," and one of the aboriginal things the companies did afterwards sending out the deal's account absolution was to alarm Ajit Pai, administrator of the Federal Communications Commission. Comcast, the cable behemothic that accomplished affairs NBC Universal in 2013, offers barter wireless account by reselling admission to Verizon's network.

souce

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by utso from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.