DOJ and T-Mobile reportedly reach "rough agreement" on merger with Sprint
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Approval from the Department of Justice (DOJ) is one of three remaining roadblocks preventing T-Mobile and Sprint from closing on their $26.5 billion merger that was first announced on April 29th, 2018. According to a report from CNBC, the DOJ has reached a "rough agreement" with T-Mobile; the regulatory agency will allow the merger to go through as long as T-Mobile and Sprint agree to help make Boost Mobile the fourth major U.S. carrier replacing Sprint. To win FCC approval for the transaction, T-Mobile already agreed to divest itself of the pre-paid wireless provider, freeze prices for three years following the close of the deal, and build out its 5G network to cover 97% of the U.S. over the same time period.
DOJ and T-Mobile said to have reached a "rough agreement"
T-Mobile also is concerned that a company with deep pockets like Amazon (which itself has expressed some interest in buying Boost) and Google will make a huge investment in Dish and quickly ramp up Boost to challenge the New T-Mobile. To prevent this scenario from taking place, T-Mobile wants to limit any strategic investment in Dish to a 5% stake as part of an agreement with the DOJ.

CEOs Marcelo Claure and John Legere are getting closer to completing their long-awaited merger
Earlier today, CNBC's David Faber reported that the DOJ and T-Mobile had agreed on "a rough agreement" that would see Dish buy Boost Mobile and additional spectrum from the combined T-Mobile-Sprint. A revenue-sharing agreement is also said to be part of the deal.
Once the DOJ signs off, approval is still needed from the California Public Utilities Commission. And the last hurdle involves a lawsuit filed by 14 state attorneys general. The suit argues that the merger will lessen competition in the industry and raise prices, but it won't go to trial until October. Last month, there was a concern on the part of T-Mobile and Sprint that the judge in the case would issue a temporary restraining order preventing the merger from closing until the trial comes to an end. Both wireless providers already signed one extension that calls for a July 29th deadline to close on the merger. The previous deadline was set for April 28th. Both companies might need to sign another extension.
Things that are NOT allowed: