Ten state attorneys general on Tuesday sued to block the merger of T-Mobile and Sprint, saying the $26 billion deal would result in consumers paying more for their wireless phone plans, with low-income and minority customers hit the hardest.
This is "exactly the sort of consumer-harming, job-killing mega merger our antitrust laws were designed to prevent," New York Attorney General Letitia James (D) said. T-Mobile, the third-largest wireless company in the U.S., and Sprint, which follows in the No. 4 spot, announced the proposed merger in April 2018, and said the goal was to get the deal approved by July 2019.
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