{"id":42773,"date":"2020-01-20T08:07:53","date_gmt":"2020-01-20T13:07:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=42773"},"modified":"2020-01-20T01:10:58","modified_gmt":"2020-01-20T06:10:58","slug":"t-mobile-us-inc-nasdaqtmus-and-sprint-corp-nyses-make-final-argument-over-their-proposed-merger","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/t-mobile-us-inc-nasdaqtmus-and-sprint-corp-nyses-make-final-argument-over-their-proposed-merger-42773","title":{"rendered":"T-Mobile Us Inc. (NASDAQ:TMUS) and Sprint Corp (NYSE:S) Make Final Argument Over Their Proposed Merger"},"content":{"rendered":"

T-Mobile Us Inc. (NASDAQ:TMUS) <\/strong>and Sprint Corp (NYSE:S)<\/strong> are seeking to merge to form the third-largest national wireless carrier almost the size of AT&T Inc. (NYSE:T)<\/strong> and Verizon Communications (NYSE:VZ).<\/strong> However, several state attorneys general s have opposed the merger, stating that this could worsen wireless services and make it expensive for Americans.<\/p>\n

States label T-Mobile and Sprint merger anticompetitive <\/strong><\/p>\n

There has been a month-long legal battle in courts, and the showdown came on Wednesday when the attorneys general and the wireless companies made their final submissions at a New York District Court. The parties made the submissions before Judge Victor Marrero<\/a> with the state attorneys general saying the deal will be anticompetitive.<\/p>\n

Lead counsel for the state Glenn Pomerantz told<\/a> the court that the remedies put forward to address the effects of the merger were inadequate. This includes some wireless spectrum to Dish Network Corp (NASDAQ: DISH)<\/strong> and divesting of Sprint’s prepaid business. Pomerantz added that if the merger happens, consumers will be at risk of paying more every single year.<\/p>\n

David Gelfand, the attorney for T-Mobile and Sprint, told the judge that the companies want to form a new world-class network that offers better services to consumers at low costs. He added that with the merger, there is a huge potential of revolutionizing the industry.<\/p>\n

Dish unlikely to be a competitor if it buys Sprint\u2019s business<\/strong><\/p>\n

Dish Network is in consideration to enter the market to remedy the effects of the proposed $26 billion merger<\/a>s. However, the states argue that as a new entrant, Dish will not provide any meaningful competition.<\/p>\n

If the merger happens, then the three wireless companies will each have a market share of around 30%. The states have indicated that it will become easy in such a scenario for the company s to raise prices for consumers than in a situation where small players compete in price. Equally, they indicated that this will be a threat to the consumer-friendly initiatives that the companies have launched in recent times.<\/p>\n","protected":false},"excerpt":{"rendered":"

T-Mobile Us Inc. (NASDAQ:TMUS) and Sprint Corp (NYSE:S) are seeking to merge to form the third-largest national wireless carrier almost the size of AT&T Inc. […]<\/p>\n","protected":false},"author":2,"featured_media":42774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[12380,1217,12520,4845,4214,12379],"stock_ticker":[14207,14156],"class_list":["post-42773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqtmus","tag-nyses","tag-sprint-corp","tag-sprint-corp-nyses","tag-t-mobile-us-inc","tag-t-mobile-us-inc-nasdaqtmus","stock_ticker-s","stock_ticker-tmus","entry"],"acf":[],"yoast_head":"\nT-Mobile Us Inc. 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