T-Mobile and Sprint win lawsuit and will be allowed to merge
On Tuesday, a federal judge allowed the $26 billion merger between T-Mobile and Sprint to proceed, dismissing a challenge brought by a group of state attorneys general.
The state attorneys general sued to block the deal last year after the merger received approval from both the Federal Communications Commission and the Justice Department. In January, the states argued that shrinking the national wireless carrier pool down from four to three providers would decrease competition and create higher prices for consumers if the deal were approved.
In his decision, Southern District of New York judge Victor Marrero rejected that argument. “The court concludes that the proposed merger is not reasonably likely to substantially lessen competition…