Colorado abandons legal effort to stop Sprint, T-Mobile merger

WASHINGTON: Colorado became on Monday the second state to drop out of an effort by state attorneys general led by New York and California to stop T-Mobile US Inc's US$26 billion merger with Sprint Corp .

This leaves New York, California and the attorneys general of 13 other states and Washington, D.C. headed to court to fight the companies when the trial begins on Dec. 9. With Colorado, 13 states now support the proposed merger. T-Mobile CEO John Legere tweeted that it was"great news" that Colorado would drop off the lawsuit."CO knows that New T-Mobile will create jobs and deliver 5G to rural areas of the state-and beyond!" he tweeted.The lawsuit against Sprint and its parent company Softbank Group Corp and T-Mobile and its parent Deutsche Telekom AG argues the deal will lead to higher prices for consumers.

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Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »