A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.
A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/IllustrationREUTERS: A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its US$26.
Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.Shares of Sprint were up 50per cent at US$7.2 in after market trading, while T-Mobile rose 6.5per cent.
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