Daily Management Review

T-Mobile settles issue of merger with Sprint


10/10/2019


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.



pexels
pexels
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

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste