New York Will Not Appeal T-Mobile & Sprint Merger
New York’s Attorney General Letitia James released a statement affirming the decision not to appeal the ruling. The merger was initially put in question when 13 state attorneys general jointly fought the merger in federal court.
The trial itself lasted two weeks. However, the merger was allowed through the ruling of a federal judge in Manhattan.
“After a thorough analysis, New York has decided not to move forward with an appeal in this case,” Ms. James said in a statement.
Other states have not announced a decision to appeal the decision, but not all have ruled out an appeal as an option. The deal itself was valued at $26 billion and was comprised completely of stock. The merger would consolidate a customer base that would rival that of AT&T and Verizon.
T-Mobile is undergoing a change in leadership; however, the company has communicated that the merger could be complete by April 1.