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Transcripts For BLOOMBERG Bloomberg Technology 20240714

Chewing dotcoms first day of buying has really been seen since the 2008 crisis. The u. S. Justice department is nearing approval of tmobiles 26 billion merger with sprint. This is according to the New York Times. A group of states sued to block the deal claiming pressure on the Justice Department. Our reporter joins us from new york, what do we know . Reporter the doj has been continuing negotiations with sprint and tmobile about how to approve the deal. Sprint and tmobile have promised to do vest a number of assets that include the prepaid phones. Also some spectrum assets to the sec. They are working with the doj to potentially offload some other assets. They have a list of buyers the doj would be comfortable going to. Sprint and tmobile are working with them, that includes dish and others. What the doj wants is for a fourth carrier to be set up out of this deal. Even after sprint and tmobile merge, which would take the players in the market from four to three, the doj want somebody

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