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State AGs look to head off T-Mobile, Sprint deal in court

Sprint HQ.jpg
Posted at 11:13 AM, Dec 09, 2019
and last updated 2019-12-09 12:15:10-05

NEW YORK — T-Mobile is about to face 14 state attorneys general in court in defense of its attempt to buy Sprint for $26.5 billion.

T-Mobile has already notched approvals from key federal regulators. Starting Monday, it must also convince a federal judge that the state attempt to block the deal is misguided.

A combined T-Mobile-Sprint company would become a fiercer competitor to the larger Verizon and AT&T. But the states argue that having one fewer mobile carrier would cost Americans billions of dollars in higher wireless phone bills.

Sprint and T-Mobile have been working toward the deal since April 2018.

If the states win their case, other companies may attempt to merge with or acquire T-Mobile or Sprint, according to sources in a CNBC report.

The trial in U.S. District Court in New York is expected to last several weeks.