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Smartphones with the Sprint logo are visible in front of a projection of the T-Mobile logo on the illustration taken on April 30, 2018. REUTERS / Dado Ruvic / Illustration
June 11, 2019
By Diane Bartz and David Shepardson
WASHINGTON (Reuters) – At least 10 US Attorneys General plan to file suit Tuesday to stop Sprint and T-Mobile's $ 26 billion merger to reduce the number of wireless service providers nationally by four. according to three sources close to the subject.
The Attorney General of New York State is leading the trial, said a source. The New York Attorney General's Office has announced a press conference for this afternoon.
The suit must be filed in New York, according to a source.
T-Mobile, whose parent company is Deutsche Telekom AG, and Sprint, controlled by the Japanese group SoftBank Group Ltd, did not comment immediately. A spokeswoman for the New York Attorney General declined to comment.
Sprint chief executive Marcelo Claure and his T-Mobile counterpart John Legere met with the justice ministry on Monday, according to a source familiar with the matter.
The companies proposed to sell the prepaid brand Boost Mobile in order to reduce the combined company's market share in the prepaid wireless sector. They also indicated that they were considering giving up wireless spectrum.
The agreement was approved by a majority of the Federal Communications Commission. US Department of Justice antitrust division staff recommended that the agency block the deal, but no final decision has been made.
(Report by Diane Bartz, David Shepardson, Karen Freifeld)
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