Texas settles with T-Mobile, Sprint over merger: statement

FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration

Texas Attorney General Ken Paxton had been the only Republican among the state attorneys general who had filed a lawsuit to stop the merger of the No. 3 and No. 4 wireless carriers. In a statement issued on Monday, Paxton’s office said the agreement precludes the companies from raising prices for Texans for five years and commits the merged company to 5G network throughout Texas, including rural areas, during the next six years.

New York Attorney General Letitia James, who co-leads the lawsuit with California, said the deal that Texas struck does not resolve antitrust concern about the proposed deal.

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