T-Mobile Breaks Out, Sprint Soars As Federal Judge Clears Merger
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A U.S. federal judge on Tuesday cleared the T-Mobile US (TMUS) and Sprint (S) merger, creating a strong rival in 5G wireless services to Verizon Communications (VZ) and AT&T (T). T-Mobile stock broke out while Sprint stock skyrocketed.

Federal Judge Victor Marrero approved the T-Mobile and Sprint merger without conditions. The Department of Justice and Federal Communications Commission earlier approved the deal.

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