T-Mobile has approached closer to takeover telecommunication company Sprint after the US judge approved the deal. The deal was approved despite the claim by a group of states that said that the merger would violate antitrust laws and raise prices.
Opposing the claim, T-Mobile and Sprint argued that the merger would create a more efficient company and can compete with big companies too by providing services at a low price and faster speed. After the approval from the US judge, the share price of both the companies rose sharply on Tuesday.
Japan’s Soft Bank share price has also soared after the approval for the merger because the SoftBank is a major shareholder of Sprint. The company has lost subscribers at a faster rate and it would be happy to see Sprint getting takeover by T-Mobile.