Tuesday, November 26, 2019

Texas Drops Challenge to T-Mo-Sprint Deal

Texas is leaving a lawsuit challenging T-Mobile’s planned merger with Sprint. Texas Attorney General Ken Paxton said Monday he’s reached a settlement with T-Mobile, under which the combined company will not raise Texans’ prices for wireless service for five years after the deal closes, reported the American-Statesman.

The Justice Department approved the merger in July, after the companies agreed to create a new wireless carrier by selling some assets to Dish Network. Paxton stated the settlement he reached with the carrier also, “commits the new T-Mobile to build out a 5G [wireless] network throughout Texas, including rural areas of our state, during the next six years.” But that may have happened anyway, because the earlier approval from the Justice Department includes provisions aimed at fostering a 5G build-out. Continue Reading

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