Home / Business / Representatives of the state T-Mobile fighter and the Sprint merger believe that the October trial might not be possible

Representatives of the state T-Mobile fighter and the Sprint merger believe that the October trial might not be possible



WASHINGTON (Reuters) – A US Attorney General's Lawyer Tackles $ 26 Billion T-Mobile Merger with Sprint Monday that a trial might not be possible.

FILE PHOTO: Smartphones carrying the Sprint logo are visible in front of a T-mobile logo screen projection, in this illustration taken on April 30, 2018. REUTERS / Dado Ruvic / Illustration

In a letter to Judge Victor Marrero on Monday, lawyer Glenn Pomerantz said that in exchange for the date of the expedited trial scheduled for October 7, states would have been promised documents on an agreement between the Department of Justice and Business June 28. have not reached a settlement, these materials are not available.

"The complaining states started discussions with the defendants yesterday regarding the date of the trial and the preliminary trial schedule and continue to interview the accused," wrote Pomerantz in his letter.

In their lawsuit, filed in June, state attorneys general said the deal would cost consumers more than $ 4.5 billion a year.

To convince the Department of Justice, which is not involved in the lawsuit, T-Mobile and Sprint have agreed to a series of concessions, including the sale of the prepaid brand Boost.

Companies are in talks to sell Boost to Dish but are discussing issues such as restrictions on who can buy the sold assets if they are sold in the future, T-Mobile and Deutsche Telekom seeking to prevent them to switch to a cable or technology company.

T-Mobile is approximately 63% owned by Deutsche Telekom.

The companies declared in late June in court that they were prepared to refrain from concluding the agreement after the end of the prosecutors' trial.

Pomerantz, in a second letter dated Monday, addressed to another official of the court, expressed doubts that any agreement with the Ministry of Justice would satisfy the States.

"While it is highly unlikely that a settlement between the defendants and USDOJ will prevent the anticompetitive harm that the proposed merger will cause, there is no doubt that the settlement would radically alter the nature of the evidence necessary for the purpose." trial, "he wrote.

Both companies have until July 29 to complete the transaction but should extend it.

The companies declared in late June in court that they were prepared to refrain from concluding the agreement after the end of the prosecutors' trial.

The head of the Federal Communications Commission has agreed in principle to the merger and should issue a formal order in the coming weeks.

Diane Bartz report; Edited by Sonya Hepinstall

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