Author: Makena Kelly
Photo by Drew Angerer/Getty Images
T-Mobile and Sprint will wait to close their multibillion-dollar merger until a lawsuit from over a dozen state attorneys general is resolved, T-Mobile’s chief operating officer Mike Sievert said on the company’s earnings call today.
Sievert’s admission came only a few short hours after the Justice Department announced its approval of the deal after months of negotiations to create a fourth viable wireless competitor through Dish Network. But the two carriers still face one last challenge in court before officially creating The New T-Mobile: more than a dozen state attorneys general are suing to block the deal.
“Our intention is not to close while the litigation is ongoing,” Sievert said.
The group of attorneys general, led by New York...
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T-Mobile and Sprint will wait to close their multibillion-dollar merger until a lawsuit from over a dozen state attorneys general is resolved, T-Mobile’s chief operating officer Mike Sievert said on the company’s earnings call today.
Sievert’s admission came only a few short hours after the Justice Department announced its approval of the deal after months of negotiations to create a fourth viable wireless competitor through Dish Network. But the two carriers still face one last challenge in court before officially creating The New T-Mobile: more than a dozen state attorneys general are suing to block the deal.
“Our intention is not to close while the litigation is ongoing,” Sievert said.
The group of attorneys general, led by New York...
Continue reading…
Continue reading...