The testimony in the Sprint/T-Mobile lawsuit is done. Now, the wireless world waits for a ruling – which analysts say should take at least a month.
The Wall St. Journal analysts have said:
We think the case is close and both sides probably think they are winning, In such a situation in a commercial litigation, we would see the prospects of settlement as fairly high.
The DoJ and FCC have approved the proposed merger between Sprint and T-Mobile. However, roughly a dozen state attorneys general filed a lawsuit to block the deal, arguing it would unfairly reduce competition in the US wireless industry.
Interestingly, the analysts at New Street noted that, based on Sprint and T-Mobile’s share prices, Wall Street investors increasingly appear to believe the merger will be blocked.
Read the full article here.
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