Thursday, 12 March 2020
California won’t try to stop a $26.5 billion mega-merger between telecoms giant T-Mobile and the struggling Sprint, CNET reports. A US District Court approved the deal last month, which sees the third and fourth largest telecoms providers in the US become one. This is expected to swell T-Mobile‘s subscriber base to 140 million, helping it compete with AT&T and Verizon. The decision not to appeal the court’s ruling comes by way of a settlement between California and T-Mobile, with the latter agreeing to protect low-income consumers and the jobs of local Sprint workers. [Read: Sprint stocks up 75% after judge approves $26.5…
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