Sprint's stock soars around 75% after judge approves T-Mobile merger

Topics Sprint | T-Mobile | SoftBank

Shares of Sprint soared more than 74 per cent to $8.34 on Tuesday after a US federal judge approved T-Mobile US’ takeover of the telecom firm. The judge rejected a claim by a group of states that said the deal would violate antitrust laws and raise prices.

Shares of T-Mobile rose 11 per cent to $94.01. During a two-week trial in December, T-Mobile and Sprint argued the merger will better equip the new company to compete with top players Verizon Communications and AT&T as the third-largest US wireless carrier, creating a.

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