Exclusive: US state attorneys general plan lawsuit to stop Sprint and T-Mobile merger - sources

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the US$26 billion merger of Sprint and T-Mobile, a ...

WASHINGTON: At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the US$26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers to three from four, according to three sources familiar with the matter.

New York state's attorney general is leading the lawsuit, one source said. New York's attorney general's office has announced a press conference for this afternoon.T-Mobile, whose parent company is Deutsche Telekom AG, and Sprint, which is controlled by Japan’s SoftBank Group Ltd, did not immediately comment. A spokeswoman for the New York attorney general declined to comment.

Sprint Chief Executive Marcelo Claure and his counterpart at T-Mobile, John Legere, met with the Justice Department on Monday, according to a source familiar with the matter. The companies have offered to sell prepaid brand Boost Mobile, to reduce the combined company's market share in the prepaid wireless business. They have also indicated that they were considering divesting wireless spectrum.The deal has won the backing of a majority of the Federal Communications Commission. The U.S. Justice Department's antitrust division staff has recommended that the agency block the deal, but no final decision has been made.

 

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

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Exclusive: US state attorneys general plan lawsuit to stop Sprint and T-Mobile mergerWASHINGTON: At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the US$26 billion merger of Sprint and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: US state attorneys general plan lawsuit to stop Sprint and T-Mobile mergerWASHINGTON: At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the US$26 billion merger of Sprint and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »