Thursday, March 12, 2020

California AG and Utility Commission Spreads Sunshine on Sprint/T-Mobile Deal

After California's Attorney General dropped opposition to a merger of T-Mobile and Sprint earlier yesterday, a California Public Utilities Commission (CPUC) judge recommended approval of the deal. It’s considered by analysts as one of the last hurdles standing in the way of the long-fought merger.

California Attorney General Xavier Becerra, along with New York AG Letitia James, led the multistate coalition that unsuccessfully sued to stop the $26.5B merger and said they would not file an appeal. T-Mobile said it was hoping to close the deal as soon as April 1, provided it received approval from the CPUC.

The utility judge’s ruling stipulates that T-Mobile provides what it agreed to in November of 2019 by offering free internet service and WiFi hotspots to ten million low-income households with kids nationwide. The internet offer is capped at 100 gigabytes for the year, or about eight gigabytes a month, according to the Associated Press.

A federal judge in Washington, D.C., must still approve the Justice Department settlement

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