California attorney general will end fight against Sprint, T-Mobile merger [Reuters]
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Source: Reuters
California attorney general will end fight against Sprint, T-Mobile merger WASHINGTON (Reuters) - The office of California Attorney General Xavier Becerra will not appeal a court’s decision that a merger of wireless carriers Sprint Corp ( S.N ) and T-Mobile US Inc ( TMUS.O ) may go forward, it said on Wednesday. The notice said the state reached a settlement with the companies but did not elaborate. California and New York had led a fight by more than 10 states to stop the merger on grounds it would lead to higher prices but lost in February. New York has already said it will not appeal the defeat. The deal still must be approved by the California Public Utilities Commission, which is scheduled to make a final decision on the matter on April 16. The U.S. Justice Department and the Federal Communications Commission signed off on the merger last year after the companies agreed to divest Sprint’s prepaid businesses, including Boost Mobile, to satellite television company Dish Network
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