Friday, January 17, 2020

T-Mobile-Sprint Deal Now Up to Judge

The federal judge hearing the lawsuit from 13 state attorneys general suing to block T-Mobile’s acquisition of Sprint heard final arguments Wednesday. U.S. District Court Judge Victor Marrero did not ask any questions of either party and said he would make a decision “as promptly as possible,” Reuters reported.

The states filed a lawsuit in June to stop the transaction, saying it would lead to higher prices for consumers.

The telecoms pushed back and emphasized they would compete aggressively to push prices down. T-Mobile and Sprint contend that the merger would enable the combined company to compete more effectively with dominant carriers Verizon Communications Inc. and AT&T Inc.

T-Mobile lawyer David Gelfand argued that the combination between the nation’s number three and number four carriers would create a “revolutionary network,” with faster speeds and better capacity to deploy 5G. But attorney Glenn Pomerantz, speaking on behalf of the states, rebuffed that argument, saying: “We did not need a merger for 2G, 3G or 4G,” according to PoliticoContinue Reading

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