February 11 - 13:02
107D
T-Mobile, Sprint merger wins approval
T-Mobile's monster merger with Sprint has been approved by a US district judge. States had come together to oppose the combination on the basis of competition rules. Judge Victor Marrero has today dismissed that claim. The California Public Utilities Commission still needs to rubber-stamp the deal before it can be finalised. Sprint's stock rose by 60% after news of the judge's ruling emerged.
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