, New York drops fight against T-Mobile-Sprint merger – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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New York drops fight against T-Mobile-Sprint merger – Source Reuters Tech News

NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal.

, New York drops fight against T-Mobile-Sprint merger – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic

New York Attorney General Letitia James said her office would end the court challenge to the 2018 merger agreement between the third- and fourth-largest U.S. wireless carriers.

Instead, she said her office hopes “to work with all the parties to ensure that consumers get the best pricing and service possible, that networks are built out throughout our state, and that good-paying jobs are created here in New York.”

A U.S. federal judge gave the companies the green light on Tuesday to complete the deal. New York, California and other states had challenged it on antitrust grounds, saying it would drive up prices for…

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