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Friday, 29 March 2019

Several states may block T-Mobile-Sprint merger

T-Mobile's acquisition of Sprint is a major change in the telecom landscape in the United States, and several state attorney generals are worried this might hurt competition. According to Bloomberg, California and New York are leading a group of over a dozen states that would file a lawsuit if the Department of Justice does not challenge the deal. Initially, T-Mobile offered $26.5 billion to acquire Sprint and all its market presence, making it a challenger to AT&T and Verizon's dominance in the United States. The new conglomerate would control over 30% of the US wireless market, with...

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Author: via Bestsoftpro

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