and Verizon to make pro-consumer changes, calling it a “maverick.” He also said Sprint had tried to remain competitive but was “falling farther and farther short of the targets it must hit to remain relevant as a significant competitor.” The principals in the merger deal expressed relief Tuesday at the judge’s ruling.
“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done! ” T-Mobile CEO John Legere said in a statement. “We’ve said it all along: The new T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition.”
Sprint Executive Chairman Marcelo Claure also praised the ruling. “Judge Marrero’s decision validates our view that this merger is in the best interests of the US economy and American consumers,” he said.
After the ruling, Sprint’s shares soared more than (% to around $ 8.) , while T-Mobile’s rose (% to around $)
Dish, a satellite TV service that is set to acquire assets divested by T-Mobile and Sprint, was similarly pleased. The deal will give the company, which is buying the Boost Mobile budget brand from Sprint, the opportunity to expand into phone service using billions of dollars’ worth of wireless spectrum it has accumulated.
) “We are eager to begin serving Boost Customers while aggressively growing the business as a new competitor, bringing lower prices, greater choice and more innovation to consumers, “Charlie Ergen, Dish’s co-founder and chairman, said in a statement. “We look forward to the Boost employees and dealers joining the Dish family.”