United States

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

New York (CNN Business)The $26 billion merger between T-Mobile and Sprint has been approved, ending a years-long attempt to combine the United States' third- and fourth-largest wireless carriers.A federal judge ruled Tuesday in favor of the marriage allowing the two telecom giants to combine. US District Court Judge Victor Marrero said in his ruling that he didn't envision the companies "would pursue anticompetitive behavior" and rejected the lawsuit brought on by a dozen US states. The judge said that Sprint on its own couldn't "continue operating as a strong nationwide competitor." Sprint is currently in fourth place, but the company claimed its path to deploying a nationwide 5G network without T-Mobile was uncertain.States' attorneys gen ...