US Justice Department may sue to block Sprint, T-Mobile merger - CNBC

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The U.S. Department of Justice would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC ...

WASHINGTON: The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.

T-Mobile and Sprint did not immediately respond to Reuters requests for comment. The Justice Department declined to comment.In June, a group of U.S. state attorneys general filed suit to block the merger, arguing that the deal would cost consumers more than US$4.5 billion annually. To win over the Justice Department, which is not involved in the lawsuit, T-Mobile and Sprint have agreed to a series of deal concessions, including selling the prepaid brand Boost.

The companies have been in talks for weeks to sell Boost to Dish Network Corp but are haggling over issues such as restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company. T-Mobile is about 63per cent owned by Deutsche Telekom and Sprint is controlled by Softbank Group Corp.The companies told the court in late June that they were willing to refrain from closing the deal until after the state attorneys general case is completed.Federal Communications Commission chairman Ajit Pai has given his blessing to the merger in principle and is expected to circulate a formal order within weeks.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
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:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

DoJ may sue to block Sprint, T-Mobile merger: CNBCThe U.S. Department of Justice would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »