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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