Daily Management Review

T-Mobile settles issue of merger with Sprint


T-Mobile has reached an agreement with the Mississippi authorities regarding the proposed merger with the rival company Sprint Corporation. This arrangement could put an end to the confrontation with a coalition of US states that insist that the deal is contrary to antitrust laws.

Mississippi Attorney General Jim Hood admitted that the combined company will provide 5G technology to 62% of the state’s population, including rural areas, over a three-year period. 

A lawsuit against the merger began in July with a coalition of more than 12 states, including Texas, Oregon, Illinois, and the District of Columbia. They cited concerns about the risk of rising consumer prices due to lower levels of competition.

However, Mississippi’s move suggests that T-Mobile may be able to strengthen its position in the confrontation with other states, securing specific state guarantees in the field of wireless technology. This will play a role in a hearing that will be held in Manhattan in December.

T-Mobile and Sprint have received approval from the US Department of Justice's antitrust division after they agreed to sell the assets of Dish Network Corp. The companies are disputing the state’s allegations that this combination will stifle competition and raise prices.

source: reuters.com

Science & Technology

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA