According to an article on the Wall St. Journal (link below) Judge Marrero is expected to approve the T-Mobile’s merger with Sprint, according to people familiar with the matter.
The decision, which these people said is expected to be made public Tuesday, would hand the carriers a victory over a group of state attorneys general who argued the merger could result in higher cellphone bills for customers.
The parties have been notified of the imminent ruling. It is unclear whether the ruling could require the parties to make additional concessions beyond what they already agreed to offer the federal government.
Legal experts said the states’ go-it-alone lawsuit was virtually unprecedented in challenging a large national merger and rejecting a settlement forged by the federal officials who blessed the deal.
The coalition of state attorneys general, which were led by New York and California, could appeal the decision.
With Judge Marrero’s expected approval, T-Mobile and Sprint can now begin combining their airwaves, network infrastructure, stores and workforces. As part of a merger approval settlement with the Justice Department, the companies plan to sell some of Sprint’s prepaid accounts to an upstart network run by wireless newcomer Dish Network Corp. and help it build a carrier from scratch.
Read the entire article here
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2 comments on “Judge Expected to Clear Way for T-Mobile and Sprint Merger”
[…] we posted yesterday, the lawsuit has been decided. Judge Marrero ruled the transaction “is not reasonably likely to […]
[…] we posted yesterday, the merger lawsuit has been decided. Judge Marrero ruled the transaction “is not reasonably […]