UPDATE 4-California, other states end opposition to T-Mobile, Sprint merger [Reuters]
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Source: Reuters
California, other states end opposition to T-Mobile, Sprint merger WASHINGTON (Reuters) - California and other states which had fought a merger of Sprint Corp ( S.N ) and T-Mobile US Inc ( TMUS.O ) over concerns about higher prices for consumers and less innovation have agreed to end their opposition. California Attorney General Xavier Becerra, whose state worked with New York and others, said the states would not appeal a loss in a New York federal court in February. “Today’s settlement locks in new jobs and protections for vulnerable consumers, and it extends access to telecom services for our most underserved and rural communities,” Becerra said in a statement. California, Washington, D.C. and other states that fought the deal will be reimbursed for up to $15 million in litigation costs and receive enforceable commitments on pricing and job protections, Becerra’s office said. The companies agreed to offer all the plans that T-Mobile had in place in February 2019, or better, to
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