Huawei factor catalyst for T-mobile and Sprint merger.
Working to close the mega-merger in the first half of 2019, Sprint and T-Mobile US this week gained key approvals from a number of federal oversight bodies. The $26 billion deal would give the combined carrier–dubbed the New T-Mobile–a customer base of around 100 million subscribers, and the two companies say a merger will ensure domestic leadership in 5G deployment.
This week approvals came from the Committee on Foreign Investment in the United States, the Department of Defense, Department of Justice and Department of Homeland Security. Reports suggest the approvals came on the heels of T-Mobile US parent company Deutsche Telekom and Sprint parent SoftBank reconsidering their respective relationships with Chinese telecom infrastructure vendor Huawei.