T-Mobile is facing a new lawsuit for one of the weirdest possible reasons, being accused by a group of Verizon and AT&T customers of driving up the industry's prices.
Although it's currently unclear if this will actually amount to anything,a jury trial to settle the impact T-Mobile's 2020 Sprint acquisition has had on the US wireless industry as a whole and the two"traditional" carriers' prices in particular.
Rehashing an old argument used by fourteen state attorneys general and the District of Columbia AG to try to stop the merger from happening , said"group" is seeking"declaratory relief" and financial compensation for a"precipitous" decline in competition since the big four US carrier club switched to an even bigger three arrangement.
As if that didn't sound ridiculous enough, the class action lawsuit filed in Illinois federal court aims to represent"all persons or entities who paid for a Verizon or AT&T mobile wireless plan on or after April 1, 2020", which isWhile the plaintiffs are not citing any third-party research in support of their accusations or mentioning any specific action taken by Verizon or AT&T after April 2020 to increase"quality-adjusted prices", it's hard not to link this...
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