The Department of Justice are happy to let T-Mobile and Sprint’s merger complete — on one condition. In order for the $26.5 billion merger to proceed, the DOJ wants the companies to help with the creation of a new wireless carrier.
This would address the concern about a merger stifling competition by reducing the number of major U.S. carriers. But as Bloomberg points out, “spinning off a full-fledged national competitor would be a high bar for T-Mobile and Sprint to meet.”