DOJ officially approves T-Mobile's deal for Sprint with asset divestitures, and both stocks surge
The Department of Justice on Friday officially approved T-Mobile US Inc.'s TMUS, +3.74% merger with Sprint Corp. S, +6.45%, provided that the wireless carriers divest assets to Dish Network Corp.
Dish will be purchasing spectrum and prepaid wireless brands from the merging companies and it will have the ability to access the new T-Mobile network for seven years while it builds its own.
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