T-Mobile / Sprint gets the green light for Merger
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During a two-week trial in December, T-Mobile and Sprint argued the merger will better equip the new company to compete with top players Verizon Communications Inc and AT&T Inc, creating a more efficient company with low prices and faster internet speeds.
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The states, led by California and New York, had said the deal would reduce competition, leading to higher prices.
The decision by U.S. District Court Judge Victor Marrero clears the path for the deal, which already has federal approval and was originally valued at $26 billion.
New York’s attorney general said the state is considering an appeal; California’s attorney general said that state is “prepared to fight.”
To read the rest of the Reuters article, click here.
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