T-Mobile and Sprint: Texas also pulls back lawsuit against merger

The State of Texas gives up its opposition to the billion-dollar merger of Telekom subsidiary T-Mobile US with rival Sprint. Attorney General Ken Paxton announced an agreement on Monday to ban companies from, among other things, price increases for five years and comprehensive commitments to expand the grid. The alliance of states complaining about the merger of the third and fourth largest US mobile operators is losing an important supporter with Texas. Previously, Mississippi and Colorado had dropped their complaints.

However, the alliance continues to have a dozen states, including New York and California's influential heavyweights. The opponents fear that the merger will restrict competition and lead to disadvantages for consumers and employees. Despite these concerns, the Ministry of Justice has already given the go-ahead under the conditions. But as long as the legal battle with the states continues, T-Mobile and Sprint will not bring the $ 26 billion (€ 23.6 billion) mega deal to a conclusion. The process is scheduled to begin in December in New York.


. (tagsToTranslate) Deutsche Telekom (t) Mobile Communications (t) Sprint (t) T-Mobile (t) USA