NEW YORK - T-Mobile US Inc’s edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices.
“The merger of T-Mobile and Sprint will create another telecommunications behemoth in an already dangerously consolidated market,” U.S. Senator Richard Blumenthal, a member of the Senate Judiciary Committee, wrote on Tuesday.The decision by U.S. District Court Judge Victor Marrero clears the path for the deal, which already has federal approval and was originally valued at $26 billion.
“The court concludes that the proposed merger is not reasonably likely to substantially lessen competition,” Judge Marrero wrote, adding that he was confident in DISH’s ability to transform into a “disruptive maverick” in the wireless industry. Rani Habash, a partner at the law firm Dechert LLP who specializes in antitrust, said the states would have difficulty winning an appeal. The judge “found the Sprint and T-Mobile side to be more credible for their prediction of the future,” he said. “When you have a factual determination, that’s very hard to overcome.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Bully!
well, phone plans will now be 200 to 250 a month. 100 for phone ervice and 100 for internet. As usual we get screwed
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sourcesA U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobi... Ifb How may I acquire majority stockholdings in Huawei Technologies Company Ltd please? I am an expert global telecommunications market analyst and have an aunt on the USITC. I trust my aunty, and she gave me a hot tip. May I acquire a waiver of insider trading rules from SEC please? Awful
Source: Reuters - 🏆 2. / 97 Read more »
U.S. judge expected to rule in favor of merger of Sprint, T-Mobile: sourcesA U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobi... the takeover Nervous abt this! Everything has been going well with my T Mobile relationship. Bracing for changes. One of them needs the other for somethin'. Thank goodness, Sprint customer service sucks and T-Mobile coverage sucks. I hope this becomes a fabulous thing, best of both worlds.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. district judge expected to rule in favor of Sprint-T-Mobile merger: WSJA U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger...
Source: Reuters - 🏆 2. / 97 Read more »
WSJ News Exclusive | U.S. District Judge Expected to Rule in Favor of Sprint-T-Mobile MergerBreaking: A judge is expected to rule in favor of T-Mobile and Sprint in the antitrust fight over their proposed merger, people familiar with the matter say Did a clerk leak lol? Gross. This will expose US communication to China and its alliance South Korea espionage risk.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. federal judge allows merger between T-Mobile and SprintT-Mobile US Inc and Sprint Corp won a federal court fight as a judge ruled on Tu... Long live the American trumpcomedia. The billionaire unites with Trump's 'blessing.' Governments are changing. and the contracts are valid and working. I wonder how much the bribe and Trump judge took. Parody
Source: Reuters - 🏆 2. / 97 Read more »