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Technology Federal judge approves T-Mobile and Sprint merger, dismisses antitrust lawsuit

04:56  12 february  2020
04:56  12 february  2020 Source:   bgr.com

T-Mobile is apparently considering a merger with the cable giant of your nightmares

  T-Mobile is apparently considering a merger with the cable giant of your nightmares Outgoing T-Mobile CEO John Legere has made a central focus of his time in the corner office at the so-called Un-carrier be all the things that people hate rival carriers for, and then making a big show of doing (or appearing to do) the opposite. Blasting its opponents for the hidden fees that lard up customer bills, stuffing tons of perks into monthly plans and packages for customers and taking as many swipes as possible at Big Telecom -- theseSo why in God’s name is T-Mobile reportedly considering a merger with Comcast, one of the most anti-consumer members of Corporate America today?

T - Mobile and Sprint said during the two-week trial in December that the deal would allow the Before the antitrust lawsuit , the billion T - Mobile - Sprint had been approved by the FCC and the Justice Department. Now that U.S. District Court Judge Victor Marrero dismissed the antitrust concerns, the

Feb 11 (Reuters) - A federal judge has approved a merger between T - Mobile US Inc and Sprint Corp on Tuesday, according to a court filing, rejecting claims by a group of states that said it would violate antitrust laws and raise prices. The decision by U.S. District Court Judge Victor Marrero

The massive merger deal that’s been in the making since last year is going forward as planned, as T-Mobile and Sprint just scored a massive win in court. Just as had been rumored earlier this week, a federal judge on Tuesday ruled in favor of the T-Mobile-Sprint merger, rejecting the antitrust concerns raised by a group of states, including California and New York.

John J. Legere holding a sign: t-mobile© Provided by Penske Media Corporation t-mobile

“The court concludes that the proposed merger is not reasonably likely to substantially lessen competition in the” mobile service market, the ruling said, adding that the merger would “enhance competition in the relevant markets to the benefit of all consumers.”

T-Mobile racks up cellphone customers as it awaits merger outcome

  T-Mobile racks up cellphone customers as it awaits merger outcome T-Mobile continues to do its 'Un-carrier' thing, as it waits for a federal judge to decide the fate of its $26 billion merger with Sprint. The deal,announced in 2018, has been approved by the Federal Communications Commission and the US Department of Justice. But it could be derailed by a lawsuit filed by a group of state attorneys general, led by California and New York, seeking to stop the merger. The state AGs argue the merger would hurt competition and raise prices for consumers. A two-week trial in federal court in New York commenced in December.

T - Mobile and Sprint announced their intention to merge last April, claiming that their New York and California are still pushing the lawsuit opposing the deal. “We intend to be prepared to go Now that the DOJ has approved the deal, T - Mobile and Sprint can move ahead. But if the states’ suit wins

A federal judge is expected to approve T - Mobile US’s merger with Sprint , according to people They secured approval from federal antitrust and telecommunications officials last year after T - Mobile and T - Mobile shares added 8%. Legal experts said the states’ go-it-alone lawsuit was virtually

T-Mobile and Sprint said during the two-week trial in December that the deal would allow the newly formed corporation to better compete against the top two carriers in the country, Verizon and AT&T. The two carriers have also argued that a merger would allow them to accelerate the deployment of 5G so that they can better compete against Verizon and AT&T.

The resulting company would be more efficient and would be able to lower prices and provide faster internet, according to their claims. The states argued that the merger will reduce competition, and inevitably raise prices.

T-Mobile racks up cellphone customers as it awaits merger outcome

  T-Mobile racks up cellphone customers as it awaits merger outcome T-Mobile continues to do its 'Un-carrier' thing, as it waits for a federal judge to decide the fate of its $26 billion merger with Sprint. The deal,announced in 2018, has been approved by the Federal Communications Commission and the US Department of Justice. But it could be derailed by a lawsuit filed by a group of state attorneys general, led by California and New York, seeking to stop the merger. The state AGs argue the merger would hurt competition and raise prices for consumers. A two-week trial in federal court in New York commenced in December.

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 T - Mobile and Sprint have long said the merger was crucial to their futures in an industry challenged by pricing wars that have undercut profits and stalled growth.

On Tuesday, the Federal Communications Commission (FCC) approved the T - Mobile - Sprint merger despite antitrust concerns and an ongoing multi-state T - Mobile and Sprint agreed to offer coverage to 97 percent of Americans with its 5G network within three years and 99 percent of Americans within

Before the antitrust lawsuit, the $26 billion T-Mobile-Sprint had been approved by the FCC and the Justice Department. Now that U.S. District Court Judge Victor Marrero dismissed the antitrust concerns, the newly formed entity should be called T-Mobile going forward, and amass around 100 million customers. The new carrier will have a new CEO in the person of Mike Sievert, who will take over from John Legere, T-Mobile’s effervescent CEO who’s largely been responsible for the revival of T-Mobile in recent years.

That said, the deal still needs to be finalized now that the antitrust problem went away.

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T-Mobile and Sprint merger approved by Federal Judge .
T-Mobile and Sprint's $26.5 billion merger is almost complete. Following months of delays and push back from high-profile authorities, a US district judge has ruled in the companies' favor, allowing them to move within one step of concluding a deal that promises to deploy 5G service to 97 percent of Americans within three years. The merger -- which was approved by the Department of Justice in July 2019 and by the FCC in November 2019 -- has faced major opposition from state attorneys general around the US.

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