California’s Public Utilities Commission (CPUC) voted on Thursday, April 16, to approve the merger of wireless carriers T-Mobile and Sprint, marking the final approval for a US$23 billion deal which closed on April 1.
The deal had closed without a final decision from the CPUC, which gave that on Thursday with a unanimous vote. The CPUC had issued a proposed decision in March to approve the merger with conditions. T-Mobile and Sprint agreed to abide by those conditions.
The biggest hurdle for the companies was a legal battle with state attorneys general who had argued that the deal would mean higher prices for consumers. But a US federal judge disagreed in February, and allowed the deal, which was originally valued at US$26 billion, to go forward.
In comments before the vote, two of the commissioners noted the importance of ensuring that conditions that T-Mobile agreed to in order to win the approval be adequately enforced.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK’s CMA Investigates Education Software Company for Market Abuse
May 14, 2024 by
CPI
Schumer Urges FTC Caution on Chevron’s $53B Hess Deal Over Gas Price Fears
May 14, 2024 by
CPI
Amazon Urges US Judge to Block FTC Probe into Data Preservation
May 14, 2024 by
CPI
Colorado Makes History: First State to Enact Comprehensive AI Legislation
May 14, 2024 by
CPI
Class Action Settlement Reached in Cheerleading Monopoly
May 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI