WASHINGTON (Reuters) – Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US’s $26 billion purchase of Sprint, New York Attorney General Letitia James said in a statement on Wednesday.
All told, attorneys general from 17 states and the District of Columbia have signed on to stop the merger, which they argue will lead to higher prices for consumers. The multi-state lawsuit is being led by New York and California.
The U.S. District Court in Manhattan has ordered that the trial be delayed to Dec. 9, a victory for the states, which said they needed more time to investigate the deal.
The Justice Department has signed off on the merger. The Federal Communications Commission has indicated it plans to approve it and has begun the process of formally doing so.
To win those approvals, the third- and fourth-largest U.S. wireless companies agreed to divest Sprint’s prepaid businesses to satellite television company Dish Network Corp to create a fourth U.S. wireless carrier.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.