REUTERS: A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.
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 U.S. wireless carriers would lead to higher prices, especially for customers who use prepaid plans popular with people with poorer credit.The companies had said the deal was needed to help them build out next generation of wireless, called 5G, and better compete with sector leaders Verizon Communications Inc and AT&T Inc.
The two companies are expected to start talks on renegotiating the terms of their US$26.5 billion merger in the next few days, two sources said. However, Sprint, in which Japan's Softbank Group has a major stake, is expected to argue that T-Mobile needs Sprint in order to grow its cashflow and to boost its capacity using its spectrum, according to the sources.The court did not immediately respond to a request for comment. Sprint and T-Mobile both declined to comment.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
US district judge expected to rule in favor of Sprint-T-Mobile mergerA U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US district judge expected to rule in favor of Sprint-T-Mobile merger: WSJA U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US judge expected to rule in favour of merger of Sprint, T-Mobile - sourcesA U.S. 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 ... Urgent help! China is now in a state of blockadeTraffic control medical treatment, lack of living supplies! No workNo income!People can't live! If the United States and the international community do not intervene and vigorously aid, there will be a massive humanitarian disaster!
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US judge expected to rule in favour of merger of Sprint, T-Mobile - sourcesA U.S. 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 ... Urgent help! China is now in a state of blockadeTraffic control medical treatment, lack of living supplies! No workNo income!People can't live! If the United States and the international community do not intervene and vigorously aid, there will be a massive humanitarian disaster!
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »