U.S. district judge expected to rule in favor of merger of Sprint and T-Mobile: sources [Reuters (UK)]
Verizon Communications Inc. (VZ)
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Source: Reuters
U.S. district judge expected to rule in favor of merger of Sprint and T-Mobile: sources - Reuters 2 Min Read (Reuters) - A U.S. district judge is expected to rule in favor of allowing Sprint ( S.N ) and T-Mobile ( TMUS.O ) to merge, over the objections of a group of state attorneys general, according to two sources familiar with the matter. U.S. District Court Judge Victor Marrero is expected to make his decision public on Tuesday, one source said. The Court did not immediately respond to a request for comment. A group of state attorneys general, led by New York and California, had argued that a merger of the No. 3 and No. 4 U.S. wireless carriers would lead to higher prices, especially for people who use prepaid plans popular with people who had poorer credit. The companies had said the deal was needed to help them build out next generation of wireless, called 5G, and better compete with sector leaders Verizon Communications Inc ( VZ.N ) and AT&T Inc ( T.N ). T-Mobile and Spr
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VZ
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