One of 17 US states that sued to block a proposed US$26.5 billion tie-up of Sprint and T-Mobile agreed to drop the challenge after reaching a deal with the companies, reported Reuters.
Mississippi Attorney General Jim Hood said in a statement he will withdraw from the legal challenge over the planned merger of the third- and fourth-largest US wireless carriers. He said the combined company has agreed within three years to deploy a 5G network in Mississippi with at least 62% of the state’s general and rural populations having access to high-speed service.
Hood said the prior merger agreement did not include any specific commitments benefiting Mississippi. The company agreed that for at least five years it will offer an unlimited talk, text and 2GB data plan for US$15 per month and a US$25 per month plan for 5GB of data.
“The world around us is almost fully digital, but Mississippi is lagging behind with internet deserts across the state,” Hood said. “My agreement with T-Mobile will help fill this gap.”
T-Mobile Chief Executive John Legere wrote on Twitter the company was “thrilled” Hood “withdrew from the states’ lawsuit after learning more about ALL the amazing benefits the New T-Mobile will deliver to US consumers!”
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
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI