Attorneys General Preparing Merger Lawsuit

Attorneys General Preparing Merger Lawsuit

**Update 6/11/19 1:40pm**
Link to AG Press Release

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According to a report at TheStreet (link below) a group of 10 U.S. state attorneys general will file a lawsuit to prevent the Sprint / T-Mobile merger.

Reuters reported the plans, which could come as early as today, amid an ongoing probe by the DoJ into possible anti-trust issues. Last month, FCC Chairman Pai said he would approve the merger, and recommend it to his colleagues, following pledges from both companies to build 5G networks around the country, and ensure “robust” infrastructure in rural areas, and enhance in-home broadband offerings to its customer base.

Last week, however, a group of Senators led by Elizabeth Warren asked the DoJ to disclose whether President Trump, or any of his White House staff, had tried to intervene the Department’s investigation.

The merger plans have divided lawmakers over the past few months, despite the two company’s plans to increase 5G spending and investments in rural telecoms infrastructure, given the fact it would reduce the number of national wireless carriers from four to three, potentially leading to broader consumer price increases.

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