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Tuesday, February 11, 2020
 
States Fail to Halt Sprint/T-Mobile Merger
By Jim Fryer, Managing Editor, Inside Towers 
Judge Victor Marrero of the United States District Court of Southern New York ruled this morning in favor of a merger between Sprint and T-Mobile. In the case of the State of NY, et al vs Deutsche Telekom, et al, Marrero ruled “the Plaintiff States have failed to prove a violation of Section 7 and thus declines to enjoin the acquisition of Sprint by T-Mobile.” The ruling, in effect, blocks the plan by several states to stop the proposed $26 billion merger between the two carrier giants. Sprint shares are up 70.4 percent pre-market this morning to $8.18. TMUS is up 9 percent to $92.23.

The text of the judge's conclusion follows:

“The Proposed Merger is not reasonably likely to substantially lessen competition in the RMWTS Market.. despite the strength of the Plaintiff States' prima facie case, which might well suffice to warrant injunction of mergers in more traditional industries, a variety of consideration raised at trial have persuaded the Court that a presumption of anticompetitive effects would be misleading in this particularly dynamic and rapidly changing industry. T-Mobile has redefined itself over the past decade a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes. The Proposed Merger would allow the merged company to continue T-Mobile's undeniably successful business strategy for the foreseeable future. Continue Reading
 
 
Managing Editor:  Jim Fryer
Washington Bureau Chief:  Leslie Stimson
Reporter: Keara M. Piekanski  Contributing Analyst: John Celentano

Marketing & Advertising:  Megan Reed  Creative & Advertising:  Cara Aston  
Advertising & Classifieds:  Phil Cook

 
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