Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,105.35
    +26.49 (+0.33%)
     

  • Bitcoin USD

    64,166.68
    +521.05 (+0.82%)
     

  • CMC Crypto 200

    1,388.33
    -8.21 (-0.59%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,359.30
    +16.80 (+0.72%)
     

  • Crude Oil

    84.09
    +0.52 (+0.62%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Arkansas joins states backing T-Mobile's deal to buy Sprint

Reuters
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration

WASHINGTON (Reuters) - Arkansas has decided to back the U.S> Justice Department's decision to approve a merger of T-Mobile US <TMUS.O> and Sprint <S.N>, the third and fourth largest U.S. wireless carriers.

With Arkansas, the Justice Department has nine states backing its settlement to approve the $26 billion (£20.36 billion) deal on condition that it divest assets to Dish Network Corp <DISH.O>, the department said in a statement.

New York, California and the attorneys general of 13 other states and Washington, D.C., are headed to court to fight the planned merger in a trial that is to begin on Dec. 9. Colorado and Mississippi have defected from that effort.

With the expiration of the deal agreement last week, the companies are in talks to extend it. T-Mobile Chief Executive John Legere on Thursday declined to rule out requesting the $26 billion price be reduced.

(Reporting by Diane Bartz; Editing by Alistair Bell)