T-Mobile US Inc and Sprint Corp did not pursue a merger in order to reduce price...
FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton
A group of state attorneys general, led by New York and California, are suing to stop the $26.5 billion merger between the wireless carriers, arguing it would lead to higher prices. Attorneys for the states presented evidence on Tuesday from a T-Mobile board presentation in 2010, when the company first explored a deal with Sprint, that said the merger would have “potential to reduce price competition.”
T-Mobile and Sprint have already received approval for the deal from the U.S. Department of Justice and the Federal Communications Commission, after the companies agreed to sell Sprint’s prepaid phone business and some spectrum to satellite TV provider Dish Network Corp.
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