Texas joins lawsuits against T-Mobile and Sprint merger

T-Mobile and Sprint

Both mobile phone companies are currently the third and fourth largest providers in the US market.

(Photo: Reuters)

new York The resistance to the merger of the Telekom subsidiary T-Mobile US with the rival Sprint gets reinforcement. With Texas joined another major heavyweight of the Alliance of US states on Thursday, complaining about the $ 26 billion merger. “We welcome Texas' decision to block this anti-competitive merger,” announced New York Attorney General Letitia James, who leads the Alliance.

That Texas is opposed to the proposed mega-deal is particularly notable as it is the first republican state to join the initiative. In total, 14 states and the Washington district are working to prevent the merger. The Ministry of Justice's antitrust officers had approved the merger of the third and fourth largest US mobile operators last week, albeit under strict conditions.

MoreEven if the Telekom subsidiary can remove all obstacles, the deal with the Ministry of Justice is risky. Because T-Mobile must help build a new competitor.

(T) T-Mobile (t) Sprint (t) Fusion (t) Telecom (m) Mergers & Acquisitions M & A (t) Antitrust (t) Telecom Germany (t) Telecommunications (t) Mobile


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