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T-Mobile and Sprint Merger Gets Closer to Approval

T-Mobile and Sprint Merger Gets Closer to Approval

T-Mobile US, Inc. (TMUS) announced on Tuesday that it would divest spectrum capacity to Dish Network Corporation (DISH) to obtain Department of Justice (DoJ) approval for its Sprint Corporation (S) merger. Most importantly, attorneys general in 14 states have filed litigation that's set for trial in October if the DoJ approves a deal without major safeguards, potentially delaying the hook-up for months or years. Sprint shareholders will receive one share of T-Mobile stock for every 9.75 shares they own if the merger is approved.