Trial begins over an effort by U.S. state attorneys general, led by New York and California, to stop T-Mobile from buying Sprint
NEW YORK - Executives from Sprint Corp testified on Monday that the U.S. wireless carrier has struggled to improve its network, hindering its growth and underscoring the need to merge with larger rival T-Mobile US Inc.The states seek to prove in Manhattan federal court that the deal between the No. 3 and No. 4 wireless carriers would raise prices, particularly for users on prepaid plans.
In an effort to show how competition lowered prices, the states presented evidence that when Sprint introduced an aggressive promotion in 2016 to offer phone plans comparable to those of Verizon, AT&T and T-Mobile, T-Mobile’s MetroPCS prepaid brand immediately lowered prices on its plans. In WhatsApp messages from 2017 between Sole and Marcelo Claure, who was then CEO of Sprint, Sole suggested a merger with T-Mobile could raise Sprint’s average revenue per user by $5.
The deal had been contemplated in 2014 during the Obama administration, but the Justice Department and Federal Communications Commission urged the companies to drop it, which they did.The Trump administration signed off on it after the companies agreed to sell Sprint’s prepaid businesses, popular with people with poor credit, to satellite television company Dish Network Corp.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Trial begins in U.S. states' effort to block T-Mobile/Sprint dealT-Mobile and Sprint begin their court battle to defend their long-sought merger from a challenge by a coalition of U.S. state attorneys general opposed to the deal
Leer más »
T-Mobile And Sprint Begin Court Battle To Defend $26 Billion MergerThe fate of T-Mobile’s $26 billion megamerger with Sprint will be decided in an unprecedented trial that kicks off today by skleb1234
Leer más »
T-Mobile And Sprint Begin Court Battle To Defend $26 Billion MergerThe federal trial begins in New York on Monday.
Leer más »
Trial begins for state attorney general's lawsuit over T-Mobile and Sprint 'megamerger'California AG Xavier Becerra says he is 'confident that the law is on our side' as he leads a coalition of states suing to block T-Mobile and Sprint from merging into one of the nation's largest wireless carriers.
Leer más »
T-Mobile, Sprint Head to Court to Defend MergerT-Mobile and Sprint are preparing to defend their merger against a coalition of 13 states and the District of Columbia, who argue the carrier combination will hurt competition
Leer más »
The future of the US wireless industry in limbo as T-Mobile and Sprint begin battle to win merger approvalT-Mobile and Sprint begin their trial against state attorneys general Monday to determine if they will be allowed to merge. The future of the U.S. wireless industry is at stake with the result.
Leer más »