Wednesday, June 12, 2019

State Attorneys General Move to Block T-Mobile-Sprint Deal

New York Attorney General Letitia James and nine other state AGs filed a lawsuit to stop the proposed T-Mobile acquisition of Sprint. The complaint was filed Tuesday in New York federal court in coordination with California, Colorado, the District of Columbia, Maryland, Michigan, Mississippi, Nevada, Virginia, and Wisconsin. In the 45-page document, the AGs allege the combination of two out of four of the largest wireless carriers is anti-competitive.

“When it comes to corporate power, bigger isn’t always better,” James said. She called the deal, “the sort of consumer-harming, job-killing megamerger our antitrust laws were designed to prevent.”

The deal has won FCC approval. But the Department of Justice staff is said to be against it. Officially, the DOJ has not made a decision, according to Reuters, which noted Sprint Chief Executive Marcelo Claure and his counterpart at T-Mobile, John Legere, met with the DOJ on Monday. The companies have offered to sell prepaid brand Boost Mobile, to reduce the combined company’s market share in the prepaid wireless business, Inside Towers reported. Continue Reading

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