States prepare lawsuit to stop Sprint and T-Mobile merger [View all]
Source: Reuters
At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint and T-Mobile , a deal that would reduce the number of nationwide wireless carriers to three from four, according to three sources familiar with the matter.
New York state's attorney general is leading the lawsuit, one source said. New York's attorney general's office has announced a press conference for this afternoon.
The lawsuit is to be filed in New York, according to one source.
T-Mobile, whose parent company is Deutsche Telekom AG , and Sprint, which is controlled by Japan’s SoftBank Group Ltd, did not immediately comment. A spokeswoman for the New York attorney general declined to comment.
Read more: https://www.msn.com/en-us/money/companies/states-prepare-lawsuit-to-stop-sprint-and-t-mobile-merger/ar-AACILPx?li=BBnbfcN
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