US state AGs reportedly prepare lawsuit to stop Sprint and T-Mobile merger

T-Mobile CEO John Legere (L) and Sprint Executive Chairman Marcelo Claure (R) arrive to testify at the Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights hearing on the proposed merger of T-Mobile and Sprint in the Dirksen Senate Office Building on Capitol Hill in Washington, DC, on June 27, 2018.Mandel Ngan | AFP | Getty ImagesA group of at least 10 state attorneys general are preparing on Tuesday to file a lawsuit to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers from four to three, according to three sources familiar with the matter.New York’s state attorney general is leading the lawsuit, one source said. New York’s attorney general’s office has announced a press conference for this afternoon.

Source: CNBC

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