“This merger would hurt the most vulnerable Californians and result in a compressed market with fewer choices and higher prices,” said California Attorney General Xavier Becerra in a statement.
Meanwhile, Sprint and T-Mobile say they need to merge in order to compete with their bigger competitors: Verizon and AT&T. Especially when it comes to deploying 5G, Sprint and T-Mobile say they’re outmatched when it comes to resources.
The deal “will allow New T-Mobile to invest nearly $40 billion within three years of closing to deliver a more robust nationwide 5G network and next-generation services than either company can achieve on its own,” the companies said in aStill, even promising not to raise prices for three years and to deploy an expansive 5G network in rural areas isn’t enough to abate the concerns of the attorneys general.
“While T-Mobile and Sprint have made promises that their merger would offer lightning-fast speeds and increased capacity, the Attorneys General’s investigation found that many of the claimed benefits were unverifiable and could only be delivered years into the future, if ever,” the statement announcing the lawsuit reads.The deal still has to be approved by the Justice Department.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ten States Seek to Block T-Mobile, Sprint MergerA group of 10 state attorneys general plan to sue T-Mobile and Sprint to block their merger, according to people familiar with the matter, adding another complication to an already unusual antitrust review.
Read more »
Ten U.S. states sue to stop Sprint-T-Mobile deal, saying consumers will be hurtTen states led by New York and California have filed a lawsuit to stop T-Mobile ...
Read more »
Measles Outbreak Spreads To 2 More StatesVirginia and Idaho confirmed measles cases for the first time.
Read more »
Strong job market hampers FEMA hiring in flood-hit statesThe Federal Emergency Management Agency is facing an unexpected challenge in meeting the needs of the many people affected by this spring's widespread flooding and violent storms: a strong economy.
Read more »
Abortion Rights Haven’t Been A Priority In Blue States — Until NowEven before Alabama and Georgia approved laws that severely restrict abortions, it had not been a good year for abortion-rights advocates. Bills to protect abor…
Read more »
Canada Joins The Global Movement Against Single-Use Plastics, Planning A Ban For 2021Canada plans to join other countries and U.S. states in banning single-use plastics, such as straws, shopping bags and cutlery.
Read more »