T-Mobile, Sprint head to court to defend merger2019-12-09 18:23 by DanielaTags: T-Mobile, Sprint
T-Mobile and Sprint go to court today to defend their long-sought merger from a challenge by a coalition of state attorneys general opposed to the deal. The FCC has already approved the deal and the Justice Department has settled with the companies, leaving this case, in which 14 state attorneys general have sued to block the merger, as the primary remaining obstacle. The trial, which begins Monday in Manhattan federal court, ranks among the most consequential in the history of the telecommunications industry. It challenges a combination of the third- and fourth-largest wireless providers in America, who say they need to join forces to compete more effectively against Verizon and AT&T. The states argue the merger would leave just three nationwide wireless carriers, Verizon Communications, AT&T and the new T-Mobile, which could lead to higher prices. "These higher prices would fall hardest on the credit-challenged and low-income consumers who have benefited the most from the competition between Sprint and T-Mobile," they said in a court filing. Read more -here-
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