Satellite TV company Dish Network says it has closed on its acquisition of the prepaid service Boost Mobile from T-Mobile, effectively making the pay-TV company the country’s fourth major mobile provider alongside Verizon, AT&T and T-Mobile.
The divestiture was required by the U.S. Department of Justice as a prerequisite for T-Mobile and Sprint’s $26 billion merger.
In a statement Wednesday, U.S. assistant attorney general Makan Delrahim congratulated the companies on completing the divestiture. “This deal is a significant milestone in realizing the Department of Justice’s remedy, which is designed to strengthen competition for high-quality 5G networks and benefit American consumers nationwide,” Delrahim said.
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