U.S. Regulators approve T-Mobil's $ 26.5 billion takeover of rival Sprint, despite fears of higher prices and cut jobs.

Friday's approval by the Justice Department and five public prosecutors generally come after Sprint and T-Mobile agreed to terms that would set up the satellite TV provider Dish as a fourth wireless company, leaving the number of large US vendors at four .

Dish buys prepaid mobile phone brands such as Boost and Virgin Mobile and some range, or air waves for wireless service, from the two companies. It will also be able to rent T-Mobil's network for seven years while it builds its own.

Democratic prosecutors from 13 states have sued to stop the takeover, referring to consumer harm. They may not be happy with the settlement and choose to continue printing.

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