Merger of German T-Mobile and Japanese Sprint is approved by US regulator


Communications service providers - German T-Mobile and Japanese Sprint - reported that the merger deal was approved by the US Foreign Investment Committee. Companies are now awaiting permission to merge from antitrust regulators. Successful implementation of the deal will allow both operators to significantly reduce costs and become a serious competitor for market leaders - AT &T and Verizon. The cost of the combined company is estimated at 146 billion dollars. The completion of the deal is planned for the first half of 2019. 63% of T-Mobile shares are controlled by German Deutsche Telecom, and 85% of Sprint shares are owned by Japanese SoftBank.

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