United States  

Trusted News Discovery Since 2008
One News Page
One News Page United States > News Videos > Sprint Corporation > Judge to rule in favor of Sprint, T Mobile merger

Judge to rule in favor of Sprint, T Mobile merger

Video Credit: Reuters Studio - Duration: 01:35s - Published < > Embed
Judge to rule in favor of Sprint, T Mobile merger

Judge to rule in favor of Sprint, T Mobile merger

A U.S. judge is expected to rule in favor of Sprint and T Mobile to merge over objections, according to sources.

Libby Hogan has more.

0
shares
ShareTweetSavePostSend
 

Judge to rule in favor of Sprint, T Mobile merger

A U.S. district judge is expected to rule in favor of T-Mobile's merger with Sprint.

That's according to two sources, familiar with the case.

The verdict in a controversial lawsuit to stop the takeover is set to be handed down Tuesday.

It would combine the third and fourth largest U.S. wireless carriers and create a telecommunications giant.

The approval of the deal would also be a high profile defeat - for state attorneys general, led by New York and California.

They've argued that the merger would lead to higher prices - especially for customers who use prepaid plans, popular with people who have poor credit.

The deal has already been approved by federal regulators.

Both companies have long argued the deal was critical to their futures.

They also say its needed for their plans to roll out 5G networks.

T Mobile Chief Executive John Legere testified during the trial-saying that Sprint's business was deteriorating and would not survive without a merger.

T-Mobile parent Deutsche Telekomis is keen to cut the price of the deal.

They argue Sprint's fortunes have deteriorated since they inked their agreement.

Shares of Sprint surged 69% in after hours trade and T-Mobile stock rose 8%.

The two sources also say the companies are expected to start talks on renegotiating the terms of their $26 billion-dollar merger in the next few days.



Recent related news from verified sources

T-Mobile’s $26.5B Sprint merger appears imminent after judge's ruling

A judge has ruled in favor of T-Mobile in a lawsuit trying to block the company’s $26.5 billion...
bizjournals - Published Also reported by •engadget


10 things you need to know before the opening bell

10 things you need to know before the opening bellHere's what you need to know before the markets open. 1. *SoftBank's profits nosedived 99% last...
Business Insider - Published


You Might Like


Tweets about this


Recent related videos from verified sources

New York drops fight against T-Mobile-Sprint merger [Video]New York drops fight against T-Mobile-Sprint merger

New York has dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp, saying the state would not appeal a judge's approval of the deal. Ciara Lee..

Credit: Reuters Studio     Duration: 00:59Published

T-Mobile and Sprint Merger Worth $26 Billion Is Approved by Judge [Video]T-Mobile and Sprint Merger Worth $26 Billion Is Approved by Judge

Sprint stock prices increased 76 percent following news that the merger was approved by a district judge.

Credit: Cover Video STUDIO     Duration: 01:03Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.