According to a Reuter’s report (link below) the U.S. Justice Department may sue to block the merger of T-Mobile and Sprint if the parties do not settle next week.
In June, a group of U.S. state attorneys general filed suit to block the merger, arguing that the deal would cost consumers more than $4.5 billion annually.
The companies have been in talks for weeks to sell Boost to Dish Network but are haggling over issues such as restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company.
The companies told the court in late June that they were willing to refrain from closing the deal until after the state attorneys general case is completed.
The two companies have a July 29 deadline to complete the deal but are expected to extend it.
Read the entire article here
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