T-Mobile Completes Takeover Of Sprint

April 1, 2020 5:50 pm

(AP) – Mobile carrier T-Mobile has completed its takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The deal was announced two years ago and has taken a long time to close because of pushback from state and federal regulators. T-Mobile will sell assets to satellite TV company Dish to try to set it up as a new wireless company. Still, public-interest groups say the consolidated wireless market will cost consumers. T-Mobile says the deal will benefit consumers and had promised regulators not to raise prices for three years.