(Reuters) – A U.S. district judge is expected to rule in favor of Sprint (N:) and T-Mobile (O:) merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The decision is expected to be made public Tuesday, the report said.
The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its $26.5 billion merger with Sprint.
Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.
Sprint and T-Mobile did not immediately respond to Reuters request for comment.
Shares of Sprint were up 50% at $7.2 in after market trading, while T-Mobile rose 6.5%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.