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New York drops fight against T-Mobile-Sprint merger


Added 02-16-20 04:03:01pm EST - “New York on Sunday dropped its fight against the $40 billion merger of U.S. wire...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “New York drops fight against T-Mobile-Sprint merger”. Below is an excerpt from the article.

NEW YORK (Reuters) - New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal.

New York Attorney General Letitia James said her office would end the court challenge to the 2018 merger agreement between the third- and fourth-largest U.S. wireless carriers.

Instead, she said her office hopes “to work with all the parties to ensure that consumers get the best pricing and service possible, that networks are built out throughout our state, and that good-paying jobs are created here in New York.”

A U.S. federal judge gave the companies the green light on Tuesday to complete the deal. New York, California and other states had challenged it on antitrust grounds, saying it would drive up prices for consumers.

The office of California Attorney General Xavier Becerra said it was reviewing the court ruling and its options.

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