10 states could scuttle T-Mobile’s deal for SprintA lawsuit filed by attorneys general in 10 states aims to block T-Mobile’s $26 billion takeover of Sprint — and could, at the least, tie up the merger for a long time, Tiffany Tsu and Matt Goldstein of the NYT report. The states argued that the deal could lead to higher prices for consumers because the number of major national wireless carriers would shrink to three from four. The chairman of the F.C.C., Ajit Pai, supported the transaction after T-Mobile and Sprint agreed to sell the Boost Mobile wireless brand to help create a new carrier. Even if the lawsuit ultimately fails, it could delay the deal significantly. The attorneys general have asked for an injunction in the event that federal regulators approve the sale before their case wends its way through the courts.
Source: New York Times June 12, 2019 10:30 UTC