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At least 10 US states are moving to block a merger between mobile phone companies Sprint and T-Mobile, media reports said Tuesday.
State authorities led by New York Attorney General Letitia James will file a lawsuit as soon as Tuesday to kill the proposed $26 billion merger, according to the reports.
James - Press - Conference - GMT - New
James has scheduled a press conference at 1700 GMT in New York. Her office did not immediately respond to a query from AFP.
Shares of Sprint tumbled 7.2 percent to $6.49 in late-morning trading, while T-Mobile shed 2.4 percent to $74.87.
Sprint - Wireless - Carriers
T-Mobile and Sprint are respectively the third- and fourth-largest wireless carriers in the...
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