U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their US$26.5 billion merger, as a group of states argues the deal violates federal antitrust laws.
The states filed a lawsuit in June in a bid to block the merger, saying it would lead to higher prices for consumers. T-Mobile and Sprint contend that the merger would enable the combined company to compete more effectively with dominant carriers Verizon Communications Inc and AT&T Inc.U.S. District Court Judge Victor Marrero, who presided over a two-week trial last month in Manhattan federal court, is scheduled to hear closing arguments in the case on Wednesday.
Executives from the companies, including outspoken T-Mobile Chief Executive John Legere, testified during the trial that Sprint's business was deteriorating and would not survive if it did not merge with T-Mobile.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Stocks tread water ahead of signing of initial US-China trade dealStocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat ...
더 많은 것을 읽으십시오 »