A Group Of States Want To Block The T-Mobile, Sprint Merger
Nine states and Washington D.C. filed a lawsuit Tuesday arguing that the combined company would be too big, violating antitrust laws.
A group of states are trying to block the Sprint and T-Mobile merger.
Nine states and Washington D.C. filed a lawsuit Tuesday arguing that the combined company would be too big, violating antitrust laws. The suit says, "This increased market concentration will result in diminished competition, higher prices, and reduced quality and innovation."
T-Mobile and Sprint are the third and fourth largest cell phone providers in the U.S., respectively. The two cell phone companies announced plans to merge in April 2018, saying that combining their forces would increase network coverage in rural areas.
But even before this lawsuit from state attorneys general, the future of the $26 billion merger was unclear.
Last month, FCC chairman Ajit Pai said he would vote to approve it, arguing it would speed up the implementation of 5G technology in the U.S. But the Justice Department also needs to approve the deal, and officials there are reportedly thinking about filing an antitrust lawsuit of their own to block it.
Starbucks’ new CEO says he’ll work as a barista once a month
The executive says his barista training helped him understand what works well, and where they need to improve.
Disney World reaches union deal with minimum $18 hourly wage
The starting minimum wage for union service workers at Disney World is going from $15 to $18 an hour by the end of the year.
Woman sues artificial tears maker after loss of eyeball
Ezricare's artificial tears have been linked to a bacterial infection that is causing blindness, loss of eyes and even death.
US, Canada end loophole that let asylum-seekers cross border
Authorities from both sides have been eager to end the process that allowed immigrants to pursue asylum cases without using official crossings.
FAA calls on airlines to help prevent another travel meltdown
The FAA is changing some practices due to recent runway incursion events, and addressing possible effects of staffing shortages.
Why are some citizens protesting in France?
Hundreds of people were arrested in clashes amid some the biggest protests so far against the raising of France's retirement age.