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US judge expected to rule in favour of merger of Sprint, T-Mobile, say sources | Malay Mail

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NEW YORK, Feb 11 — A US district judge is expected to rule in favour of allowing Sprint and T-Mobile to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69 per cent in after hours trade and T-Mobile stock...

Tuesday, 11 Feb 2020 10:24 AM MYT

Approval of the deal would be a high profile defeat for state attorneys general, led by New York and California, who had argued that a merger of the No. 3 and No. 4 US wireless carriers would lead to higher prices, especially for customers who use prepaid plans popular with people with poorer credit.

T-Mobile parent Deutsche Telekom is keen to cut the price of the deal, arguing that Sprint’s fortunes have deteriorated since they inked their agreement, the sources added.

 

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