United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

The Latest: States sue to stop $26.5B Sprint-T-Mobile deal

SeattlePI.com Tuesday, 11 June 2019
NEW YORK (AP) — The Latest on T-Mobile-Sprint lawsuit (all times local):

12:25 p.m.

A group of state attorneys general led by New York and California are filing a lawsuit to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm.

The state AGs say the merger would hurt competition and drive up prices for cellphone service.

It's an unusual step ahead of a decision by federal antitrust authorities. The Justice Department's decision is pending. The Republican chairman of the Federal Communications Commission supports the deal.

The companies say they need to bulk up to upgrade to a fast, powerful "5G" mobile network that competes with Verizon and AT&T. The companies are appealing to President Donald Trump's desire for the U.S. to "win" a global 5G race. Consumer advocates and Democratic lawmakers worry about price increases and job cuts.

Other attorneys general joining Tuesday's lawsuit are from Connecticut, Colorado, the District of Columbia, Maryland, Michigan, Mississippi, Virginia and Wisconsin.

___

12:10 p.m.

Published reports say a group of state attorneys general are planning a lawsuit to block a $26.5 billion merger of wireless carriers T-Mobile and Sprint.

It's an unusual step ahead of a decision by federal antitrust authorities.

The reports from Reuters and The Wall Street Journal cite unidentified people familiar with the matter.

The Justice Department has not yet issued a decision. The Republican chairman of the Federal Communications Commission, the nation's telecom regulator, supports the deal.

The companies say they need to bulk up to upgrade to a fast, powerful "5G" mobile network that competes with Verizon and AT&T. The companies are appealing to President Donald Trump's desire for the U.S. to "win" a global 5G race. Consumer...
0
shares
ShareTweetSavePostSend
 
Credit: Wochit News - Published < > Embed
News video: State Attorneys Sue To Stop T-Mobile And Sprint Merger

State Attorneys Sue To Stop T-Mobile And Sprint Merger 00:48

According to Gizmodo, a group of state attorneys generals have sued to stop a merger of Sprint and T-Mobile. A year ago, T-Mobile announced their intention to buy Sprint, which would make them the third largest cell service carrier. But ten state attorneys generals have filed a lawsuit to prevent the...

Recent related videos from verified sources

Apple Watch Begins: What Jim Cramer Is Watching In the Markets [Video]Apple Watch Begins: What Jim Cramer Is Watching In the Markets

Consider this your survival guide for the week. Jim Cramer and Action Alerts PLUS research analyst Zev Fima broke down everything you need to navigate your Monday from a preview of Apple's upcoming..

Credit: The Street     Duration: 07:46Published

China By the Numbers: What Jim Cramer Is Watching [Video]China By the Numbers: What Jim Cramer Is Watching

Another day, another China headline. China caught the attention of investors once again after new data showed that exports out of China fell in August, particularly exports to the United States. In a..

Credit: The Street     Duration: 01:50Published

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.