. The state officials, all Democrats, asked Judge Victor Marrero to order the companies to abandon the deal.Story continues below advertisement
The case represents a break with the usual process of states coordinating with the federal government in reviewing mergers, and generally coming to a joint conclusion. Fast forward to 2019, and the Republican Trump administration signed off on the planned merger after the companies agreed to sell Sprint’s prepaid businesses popular with people with poor credit to satellite television company Dish Network Corp.
The states argue the merger would leave just three nationwide wireless carriers, Verizon Communications, AT&T and the new T-Mobile, which could lead to higher prices.
globebusiness
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »