State attorney generals prepare lawsuit to stop Sprint and T-Mobile merger

, a deal that would reduce the number of nationwide wireless carriers from four to three, according to three sources familiar with the matter.

New York's state attorney general is leading the lawsuit, one source said. New York's attorney general's office has announced a press conference for this afternoon.T-Mobile, whose parent company is Deutsche Telekom AG , and Sprint, which is controlled by Japans SoftBank Group Ltd, did not immediately comment. A spokeswoman for the New York attorney general declined to comment.

Sprint Chief Executive Marcelo Claure and his counterpart at T-Mobile, John Legere, met with the Justice Department on Monday, according to a source familiar with the matter. The companies have offered to sell prepaid brand Boost Mobile, to reduce the combined company's market share in the prepaid wireless business. They have also indicated that they were considering divesting wireless spectrum.

The deal has won the backing of a majority of the Federal Communications Commission. The U.S. Justice Department's antitrust division staff has recommended that the agency block the deal, but no final decision has been made.

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.

US state AGs reportedly prepare lawsuit to stop Sprint and T-Mobile mergerA group of at least 10 state attorneys general are preparing on Tuesday to file a lawsuit to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers from four to three, according to three sources familiar with the matter. they both look like actors Very short sighted at the State AG level.
Source: CNBC - 🏆 12. / 72 Read more »

Exclusive: U.S. state AGs prepare lawsuit to stop Sprint and T-Mobile mergerA group of at least 10 state attorneys general are preparing on Tuesday to file ... won't be able to 垄断催生垄断 Remember how they bribed Trump through his hotel?
Source: Reuters - 🏆 2. / 97 Read more »

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 »

States Sue To Block Sprint T-Mobile Merger, Putting Deal In Jeopardy
Source: Forbes - 🏆 394. / 53 Read more »