US district judge expected to rule in favour of Sprint-T-Mobile merger: WSJ
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[BENGALURU] A US district judge is expected to rule in favour of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The decision is expected to be made public on Tuesday, the report said.
The third-largest US wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its US$26.5 billion merger with Sprint.
Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.
Sprint and T-Mobile did not immediately respond to Reuters request for comment.
Shares of Sprint were up 50 per cent at US$7.20 in after market trading, while T-Mobile rose 6.5 per cent.
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