Welcome to the Framily Plan! After two years of legal proceedings, a judge finally approved T-Mobile’s takeover of Sprint (S +77.32%).
Now, the US consumer wireless market is down to three big players:
Verizon ( VZ -2.57%) AT&T (T -0.44%), and the new T-Mobile (TMUS +11.78%)
- Lagging behind. Sprint execs convinced the judge that the company was falling behind and couldn’t continue to be a solid competitor without the merger with T-Mobile.
How does it affect my wallet?
Good to go! The US District Court concluded that the $26 billion deal wasn’t “anti-competitive” and gave the merger a greenlight.
Competition = good. The deal will reshape the consumer wireless world.
- T-Mobile 2.0 will be a stronger competitor to Verizon and AT&T.
- Next big threat? Cable companies like Comcast and Dish are also rolling out wireless services.
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