Technology Colorado drops its T-Mobile-Sprint lawsuit after Dish agrees to house headquarters in the state
Another state joins the fight to block T-Mobile's Sprint merger
Illinois is joining 16 other attorneys general in their lawsuit to block the carriers from combining forces.
In the latest swirl of T-Mobile-Sprint merger drama, Colorado is exiting a lawsuit challenging the deal after Dish Network agreed to house its new wireless headquarters in the state.
The Colorado Attorney General’s Office announced its decision on Monday after Dish promised that the state would be one of the first in the nation to receive 5G services and become the home of its new wireless headquarters, creating thousands of jobs. Theback in July after it was able to piece together a new wireless competitor by allocating some of Sprint’s spectrum to Dish. The Federal Communications Commission formally .
T-Mobile’s Sprint merger is opposed by 18 state attorneys general
Pennsylvania Attorney General Josh Shapiro is the latest state attorney general to oppose T-Mobile's Sprint merger. Today, Shapiro announced that he'll join a lawsuit to block the "megamerger" of the telecom giants, making him the 18th attorney general to challenge the deal. In July, the Department of Justice approved T-Mobile's $26.5 billion bid to merge with Sprint -- on the condition that it sell some of its business to Dish Network. And Federal Communications Commission Chairman Ajit Pai endorsed the deal. But opposition from so many attorneys general could pose a legitimate threat.
Dish is positioned to become the third largest wireless competitor after negotiations with the Justice Department to approve the merger.
Dish won’t be building out a new headquarters, however. The company already houses its call center employees at the “Riverfront” facility in Littleton, Colorado and any new wireless HQ employees will work in that building (which looks eerily like a Cabela’s location) as well.
“Today’s settlement with Colorado positions DISH, a company founded in Colorado, to make a transformative impact on the wireless market,” Dish chairman Charlie Ergen said in a statement. “This will strengthen competition for millions of current and future customers across America while bringing to life the nation’s first virtualized standalone 5G broadband network.
Florida joins T-Mobile-Sprint merger settlement
Six other states have also settled claims related to the proposed merger."Florida has been one of the states leading this investigation since the beginning, and I am pleased that they have chosen to join our settlement after completing their thorough review," Assistant Attorney General Makan Delrahim of the Justice Department's Antitrust Division said in the statement. "The merger, with the divestitures, will strengthen competition for high-quality 5G networks that will benefit Floridians and American consumers nationwide.
Colorado was formerly part of a multistate lawsuit spearheaded by the New York State Attorney General’s office aimed at blocking the merger. Colorado is now the second state to drop out of the suit along with Mississippi. A trial date is set for December 9th.
“The agreements we are announcing today address those concerns by guaranteeing jobs in Colorado, a statewide buildout of a fast 5G network that will especially benefit rural communities, and low-cost mobile plans,” Chief Deputy Attorney General Natalie Hanlon Leh said. “Our announcement today ensures Coloradans will benefit from Dish’s success as a nationwide wireless competitor.”
In a press release, Dish said that it “expects to employ 2,000 full-time employees” at the Colorado headquarters over the next three years.
Deutsche Telekom: Shareholdings cause trouble
Not all of Deutsche Telekom's investments are as dazzling as T-Mobile US. There are a few problem children: the BT Group, T-Mobile NL and Telekom Romania.
The rumor mill around T-Mobile US seethes: Buys Sprint, Dish Network gives a bid or T-Mobile US itself takes over a portable radio offerer? The fact is that the Telekom subsidiary is doing very well in its operative business - reflecting the price trend of the past two years. The 90-percent rally drives the value of the stake for Deutsche Telekom to around $ 35 billion. Deutsche Telekom holds around 65 percent of T-Mobile US and unlike other holdings, the Americans do not cause trouble.BT Group: balance sheet scandal
The British BT Group, in which Deutsche Telekom holds a 12 percent stake, has suffered a sharp drop in profits due to a financial scandal involving its Italian subsidiary. Depreciation and provisions reduced profits to less than half compared to the previous year. The result: a price slide of 20 percent. In conjunction with the weakness of the British pound, analysts therefore expect a valuation allowance for the participation of about three billion dollars.T-Mobile NL: Authority Dispute
T-Mobile NL is also currently having problems. The Dutch parliament passed a legislative amendment banning price discrimination and strengthening net neutrality. T-Mobile NL was unimpressed by this and brought an offer on the market, which granted users full speed with some streaming providers even with exhausted data volume. The regulators see this as discriminating against services that are not cooperation partners of the mobile operator and have opened an investigation.Telekom Romania: Customer Loss
The future of the declining mobile and fixed-line business in Romania is also unclear - sales are reportedly being planned. Telekom Romania recorded a steady decline in customer numbers over the last few years, which led to a drop in profits of around 25 percent. For a long time, eastern Europe was the engine of Deutsche Telekom. But limited growth opportunities are now forcing people to rethink.overview thanks to numbers
Next Thursday, Deutsche Telekom publishes its annual figures. Analysts expect sales of 72.7 billion euros with an operating profit of 21.4 billion euros. Then CEO Timotheus Höttgens should also clarify the situation of the holdings and list potential strategic consequences.
FCC formally approves the T-Mobile-Sprint merger .
Today, the Federal Communications Commission (FCC) formally approved the T-Mobile-Sprint merger. The decision comes after a drawn-out, and at times contentious, review of T-Mobile's $26.5 billion bid to merge with Sprint. The FCC believes the deal will close the digital divide and advance 5G in the US. T-Mobile and Sprint have committed to deploying 5G service to cover 97 percent of Americans within three years. They've also pledged to provideThe FCC believes the deal will close the digital divide and advance 5G in the US. T-Mobile and Sprint have committed to deploying 5G service to cover 97 percent of Americans within three years.
Episode 12 | Weekly Tech Recap | More drama as states file lawsuits to block T-Mobile / Sprint
Go to http://JahmalAbbott.com to stay connected. Questions or feedback? Leave a comment below. In this Episode: - More drama as states file lawsuits to block ...
Dish Network | Wikipedia audio article
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Dish_Network 00:00:57 1 History 00:02:33 1.1 Founding and early growth 00:04:45 ...