States Sue To Block Sprint T-Mobile Merger, Putting Deal In Jeopardy

Meanwhile, Sprint and T-Mobile say they need to merge in order to compete with their bigger competitors: Verizon and AT&T. Especially when it comes to deploying 5G, Sprint and T-Mobile say they’re outmatched when it comes to resources.

The deal “will allow New T-Mobile to invest nearly $40 billion within three years of closing to deliver a more robust nationwide 5G network and next-generation services than either company can achieve on its own,” the companies said in aStill, even promising not to raise prices for three years and to deploy an expansive 5G network in rural areas isn’t enough to abate the concerns of the attorneys general.

“While T-Mobile and Sprint have made promises that their merger would offer lightning-fast speeds and increased capacity, the Attorneys General’s investigation found that many of the claimed benefits were unverifiable and could only be delivered years into the future, if ever,” the statement announcing the lawsuit reads.The deal still has to be approved by the Justice Department.

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.

Ten States Seek to Block T-Mobile, Sprint MergerA group of 10 state attorneys general plan to sue T-Mobile and Sprint to block their merger, according to people familiar with the matter, adding another complication to an already unusual antitrust review. Good. Mega corporations are not good for the consumer. Good. Having been an employee of both companies in the past, and a customer of TMo for almost a decade...I do not want them to merge. I worked for Sprint during their NexTel merge...they sucked before AND after.
Source: WSJ - 🏆 98. / 63 Read more »

Strong job market hampers FEMA hiring in flood-hit statesThe Federal Emergency Management Agency is facing an unexpected challenge in meeting the needs of the many people affected by this spring's widespread flooding and violent storms: a strong economy. You mean the flooding in the Midwest that you barely reported? The white people aren't a story, huh? Ya Think?... Teh Trumpster has taken all of the Fema Funds to build that Damn Wall,,,,,,,
Source: ABC - 🏆 471. / 51 Read more »