Texas
is leaving a lawsuit challenging T-Mobile’s planned merger with Sprint.
Texas Attorney General Ken Paxton said Monday he’s reached a settlement
with T-Mobile, under which the combined company will not raise Texans’
prices for wireless service for five years after the deal closes,
reported the American-Statesman.
The Justice Department approved the merger in July, after the companies
agreed to create a new wireless carrier by selling some assets to Dish
Network. Paxton stated the settlement he reached with the carrier also,
“commits the new T-Mobile to build out a 5G [wireless] network
throughout Texas, including rural areas of our state, during the next
six years.” But that may have happened anyway, because the earlier
approval from the Justice Department includes provisions aimed at
fostering a 5G build-out. Continue Reading
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