Judge Approves T-Mobile Merger With Sprint

[dalton99a]

https://www.nytimes.com/2020/02/11/business/media/t-mobile-sprint-merger.html

Judge Approves T-Mobile Merger With Sprint
The deal would combine the nation’s third- and fourth-largest wireless carriers and create a new telecommunications giant to take on rivals AT&T and Verizon.
By Edmund Lee
Feb. 11, 2020

A federal judge on Tuesday ruled in favor of T-Mobile’s takeover of Sprint in a deal that would further concentrate corporate ownership of technology, combining the nation’s third- and fourth-largest wireless carriers and creating a new telecommunications giant to take on rivals AT&T and Verizon.

The decision, by Judge Victor Marrero of United States District Court in Manhattan, comes in an unusual suit filed in June by attorneys general from 13 states and the District of Columbia. The challenge was brought after regulators at the Department of Justice and Federal Communications Commission gave their blessing to the deal.

The states argued that the combination of T-Mobile and Sprint would reduce competition in the telecommunications industry, lead to higher cellphone bills and place a financial burden on lower-income customers.

The deal will create a new telecommunications giant, taking the name of T-Mobile, that will have more than 100 million customers.

[CurtEastPoint]

1. BOHICA, Amurka!