Trial begins in U.S. states’ effort to block T-Mobile merger with Sprint

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Trial begins in U.S. states’ effort to block T-Mobile merger with Sprint GlobeBusiness

. The state officials, all Democrats, asked Judge Victor Marrero to order the companies to abandon the deal.Story continues below advertisement

The case represents a break with the usual process of states coordinating with the federal government in reviewing mergers, and generally coming to a joint conclusion. Fast forward to 2019, and the Republican Trump administration signed off on the planned merger after the companies agreed to sell Sprint’s prepaid businesses popular with people with poor credit to satellite television company Dish Network Corp.

The states argue the merger would leave just three nationwide wireless carriers, Verizon Communications, AT&T and the new T-Mobile, which could lead to higher prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

globebusiness

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:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quebec Premier Francois Legault heads to Hollywood to talk carbon and businessIn October, the Trump administration announced it had sued to block California from working with Quebec on the joint cap-and-trade program between the two jurisdictions I hope he didn't fly😮 ...and sunscreen? Ha ha ha they want Hollywood film money: will Quebec discard their language laws for California but not for the rest of Canada?
Source: nationalpost - 🏆 10. / 80 Read more »