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Home International The New York Attorney General will not appeal to the judge's decision...

The New York Attorney General will not appeal to the judge’s decision to give the go-ahead for the merger of T-Mobile and Sprint

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New York and a dozen other states have sued to block the $ 26 billion merger, arguing that it would reduce competition in the wireless sector and harm consumers. But after two weeks of testimony in the Manhattan Federal Court in December; US District Court Judge Victor Marrero last week rejected the cause of the states and said the merger could go on.

The judicial battle was the latest hurdle hindering the combination of the third and fourth largest wireless carriers in the United States, after the Justice Department and the Federal Communications Commission approved the deal last year.

“After a thorough analysis, New York decided not to go ahead with an appeal in this case,” said James in a statement Sunday. “Instead, we hope to work with all parties to ensure that consumers get the best prices and services possible, that networks are built across our state and that well-paid jobs are created here in New York.”

California attorney general Xavier Becerra’s legal team, who co-led the case with James, is currently reviewing the court’s ruling and options, a Becerra advisor told CNN Business.

combining Sprint (S) is T-Mobile (TMU) will create three similar-sized competitors in the wireless industry: the “New” T-Mobile, Verizon (VZ) is AT & T (T) (CNN WarnerMedia’s parent company is owned by AT&T.) Satellite company Dish Network (DISH) plans to use the deal as a catalyst to become a new wireless service provider.

States have argued in court that getting rid of smaller actors would reduce the incentive for all three major companies to implement price cuts and other consumer benefits.

But Judge Marrero stated in his ruling that he did not imagine that companies “would pursue anti-competitive behavior”. He also said he believed Sprint would stop being a sustainable player without the merger and that Dish would bridge the competition gap created by the deal.

Sprint's stock goes up over 70% after the judge approved the merger of T-Mobile
As part of the deal, Sprint and T-Mobile have promised federal regulators to sell some assets to help Dish’s wireless service take off. Anyway, Dish is will probably have a difficult time – and expensive – way to go when it comes to creating a wireless network and getting customers to sign in.
Last year, T-Mobile also settled with a number of individual attorneys general in other states who initially opposed the merger and signed the lawsuit. In Texas, for example, T-Mobile agreed not to raise prices for consumers in the state for five years after the deal was closed and to build a 5G network covering the whole state, including rural areas, over the next six years.

On Sunday in his statement, New York Attorney General James noted that she is “gratified” by the fact that T-Mobile has committed to creating jobs in Rochester as part of the deal.

“We are committed to continuing to strive for affordability and access for all New York mobile customers,” said James.

The merger could be finalized in early April. A new website has been launched to promote combined companies on NewTMobile.com.

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