Tech

Process for merger T-Mobile with Sprint has begun

[ad_1]

The trial for the merger of Telekom subsidiary T-Mobile US with smaller rival Sprint has begun in New York. Representatives of the US $ 26 billion (€ 23.5 billion) mega-deal plaintiffs have called on the competent judge Victor Marrero on Monday to ban the merger of the third and fourth largest providers in the US mobile market.

Marrero made clear at the beginning of the negotiations that he wants to lose no time in the lawsuit and abruptly deleted the opening statement from the agenda. As one of the first witness to telecom boss Tim Höttges testify that he could be heard on Monday.

In all, 13 states and the Washington district want to prevent the merger agreed in April 2018 because they fear price increases and other disadvantages for consumers, workers and competitors. The plaintiffs are cross-cutting, although the business has already been approved subject to conditions and the industry regulator FCC has already given the green light.

The merger was controversial from the beginning. The companies had previously canceled their merger plans twice before, among other things. "The states have the better cards, but T-Mobile has the best antitrust attorneys in the US," said an analyst in the courtroom.

See:


(ANW)



. (TagsToTranslate) Sprint (t) T-Mobile

[ad_2]