US states sue to block Sprint, T-Mobile deal: reports

phys.org | 5/20/2019 | Staff
applekip (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2019/newyorkislea.jpg

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...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!