source: www.zerohedge.com
by Tyler Durden

It’s almost over.

In a landmark settlement that ends a more than year-long battle, the DOJ approved T-Mobile’s proposed merger with Spring Corp., clearing a major hurdle to a deal after the two companies agreed to create a new wireless carrier by selling a host of assets to Dish, which will be required to build a 5G network for cellphone customers as part of the deal.

The landmark anti-trust ruling settles concerns about three carriers controlling 95% of the market by creating a new fourth carrier, Dish, albeit a carrier that will struggle to catch up to its much-larger rivals. The deal will make use of Dish’s valuable spectrum, which it has been sitting on for years, WSJ reports. In addition to Sprint’s prepaid business, Dish will have access to T-Mobile’s network for seven years after the spinoff.  Dish will buy a portfolio of spectrum from Sprint, as well.

Though winning the DoJ’s approval means the deal will likely be consummated, there’s still one potential obstacle: several states attorneys general broke with the DoJ and filed their own anti-trust lawsuit seeking to block the $26 billion merger. Whether they will be successful or not remains to be seen. Five states that weren’t part of this lawsuit sided with the DoJ in Friday’s settlement.

“With this merger and accompanying divestiture, we are expanding output significantly by ensuring large amounts of currently unused or underused spectrum are made available to American consumers in the form of high quality 5G networks,” said Makan Delrahim, the Justice Department’s antitrust chief.

The deal will leave Dish with 9 million SPring prepaid customers, and some additional wireless spectrum. That represents about one-fifth of Sprint’s customer base.

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