Federal judge expected to rule in favor of Sprint and T-Mobile merger
The Wall Street Journal is reporting from sources that a federal district judge will decide against a states’ attorneys general lawsuit, effectively approving the merger between Sprint and T-Mobile. The ruling is expected to become public tomorrow and could pave the way for the fourth-largest national wireless carrier to combine with the third-largest.
The substantial real barrier for the $26 billion deal after the FCC and Department of Justice rubber-stamped it were 14 state AGs who determined the existence of the so-called New T-Mobile would remove competition from the market, pass on more costs to consumers, and is endemic of a lax regulatory regime. Read More