"I am proud of my Sprint team's dedication, passion and resilience throughout the merger review process, and we are ready to make the vision of a New T-Mobile a reality".
Sprint Executive Chairman Marcelo Claure: "Judge Marrero's decision validates our view that this merger is in the best interests of the US economy and American consumers".
Sprint has been in losses for almost a decade, and the company's CEO told the court during the trial that it offers "an inferior product" that will keep it in a cycle of losses if the court doesn't approve the merger, the Wall Street Journal reported earlier. The US Federal Communications Commission gave the deal a green light in November 2019.
The decision by a district judge in Manhattan is a huge win for T-Mobile and its owner Deutsche Telekom AG, as well as SoftBank Group Corp., Sprint's parent.More news: This is our only image of the sun's north pole
A federal district judge in New York City has approved the $26bn merger of telecom rivals Sprint and T-Mobile US, eliciting enthusiasm from company executives and investors. T-Mobile began rolling out its nationwide 5G network in December, and the merger is critical to the success of that plan.
"From the start, this merger has been about massive corporate profits over all else, and despite the companies' false claims, this deal will endanger wireless subscribers where it hurts most: their wallets", NY Attorney General Attorney Letitia James said in a statement.
Does T-Mobile plan any other changes once it's allowed to absorb Sprint into the New T-Mobile?Those federal agencies did, but only after extracting some promises from T-Mobile and Sprint meant to alleviate concerns about reduced competition in the wireless space, should those two carriers merge.
Democratic FCC Commissioner Geoffrey Starks: "The merger between T-Mobile and Sprint will dramatically alter America's wireless landscape".More news: Dele Alli apologises for coronavirus video
Ergen needs strategic partners to help defray the $8 billion to $10 billion Dish says it will take to build the nation's fourth-largest cellular network, sources said. The decision is expected to be announced tomorrow, the papers reported.
The CPUC Public Advocates Office, an independent entity within the CPUC charged with looking after the interests of state utility customers, has said, "The proposed merger lacks specific, measurable, and verifiable California benefits and would cause irreparable damage to competition in the wireless market and the low-income consumer market". The reason for this is because Dish Network will be set up as a new mobile service provider as part of the deal. Eligible homes will be able to get five years of free home service offering 100GB of data per year. She added the state will will examine a possible appeal.
T-Mobile CEO John Legere accepts the award for CEO of the Year at the 2018 GeekWire Awards.