U.S. judge expected to rule in favor of merger of Sprint and T Mobile: sources
- A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.U.S. District Court Judge Victor Marrero is expected to make his decision public on Tuesday, one source said.
The two companies are expected to start talks on renegotiating the terms of their $26.5 billion merger in the next few days, two sources said. One merger opponent, Gigi Sohn, a former telecoms regulator now at Georgetown Law, tweeted her displeasure with reports of the decision. “If #antitrust law doesn’t even block a 4-3 merger like this, we need to start from scratch,” she tweeted, referring to the market shrinking to three from four competitors. “I’ll have more to say tomorrow after I read the judge’s decision .”
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