Wednesday, January 15, 2020

Closing Arguments Come Today in States’ Suit to Block T-Mobile-Sprint Deal

Closing arguments are set for today in the trial pitting states versus T-Mobile’s plan to acquire Sprint in a deal the telecoms value at $26 billion. While the federal government has signed off on the transaction, more than a dozen state Attorneys General, led by New York and California, are suing in federal court in New York to block it.

The states told U.S. District Court Judge Victor Marrero the merger of both telecoms will result in higher prices for consumers. In contrast, T-Mobile and Sprint say they can deploy a better 5G network if the two companies combine.

Separately, a federal judge in Washington, D.C. who is set to assess the Justice Department’s approval of the merger, said on Friday he would allow comments to be filed to the court about the deal, Reuters reported. “I want to give them a reasonable opportunity to be heard,” said Judge Timothy Kelly in a hearing.

The judge approved Theodore Ullyot, a former Facebook general counsel, as the monitoring trustee to oversee the merger and divestiture process if and when the deal is allowed to go forward, according to a court filing.

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