Federal Judge Approved Sprint and T-Mobile Merger

United States District Judge Victor Marrero ruled in favor of the $26 billion T-Mobile-Sprint merger on February 11th, according to The New York Times and other news outlets. The transaction will bring together the third and fourth largest wireless carriers in the United States and create a new industry rival for AT&T and Verizon.

The new T-Mobile company will have more than 100 million customers in the U.S. with its sights set on snagging subscribers from its rival carriers. T-Mobile executive Mike Sievert will lead the new company after current Chief Executive John Legere’s contract ends in April.

“Today was a huge victory for this merger,” Legere said in a statement. “Now we are finally able to focus on the last steps to get this merger done! We want to thank the Court for its thorough review of the facts we presented in our case. We’ve said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition. The broad and deep 5G network, that only our combined companies will be able to bring to life, is going to change wireless—and beyond. Look out Dumb and Dumber and Big Cable—we are coming for you—and you haven’t seen anything yet!”…