From the start, this merger has been about massive corporate profits over all else, and despite the companies' false claims, this deal will endanger wireless subscribers where it hurts most: their wallets. "We are already seeing this with the AT&T-Time Warner merger, where promises not to discriminate against rivals or raise prices were broken within months of being approved by a trial judge". "And our coalition is prepared to fight as long as necessary to protect innovation and competitive costs". "This opinion is an important next step toward strengthening competition for high-quality 5G networks that will benefit American consumers nationwide", said Delrahim.
FCC Chairman Ajit Pai: "I'm pleased with the district court's decision".
Before America's "big four" carriers can consolidate into a big three group with a much stronger third player, T-Mobile and Sprint are highlighting their combination remains "subject to certain closing conditions, including possible additional court proceedings, and satisfactory resolution of outstanding business issues among the parties". "This is a big win for American consumers".More news: Kovalchuk scores overtime victor as Canadiens rally to beat Maple Leafs
Most Sprint customers will switch to T-Mobile, though the timeline for how long that will take isn't yet clear.
Attorneys general from NY and California led the case and were joined by Connecticut, Hawaii, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Oregon, Pennsylvania, Virginia, Wisconsin and the District of Columbia. Dish is also required to build a 5G network over the next several years. John Legere, the outspoken CEO of T-Mobile, is leaving his post at the end of April. The companies pledged to FCC Chairman Ajit Pai in May that they would deploy a 5G network covering 97% of the US population within three years and 99% within six.
The merger between Sprint and T-Mobile is seen as important for the deployment of the fifth-generation wireless network in the USA, a consideration that led the FCC to give its blessing, after the two companies promised to cover 97% of the country's population within three years of closing the deal.More news: Visual Effects Artists Are Not Happy With the Oscars' 'Cats' Joke
"Today was a huge victory for this merger ... and now we are FINALLY able to focus on the last steps to get this merger done!"
Dish co-founder Charlie Ergen said in a statement that the ruling will accelerate its ability to deploy 5G and that its growth as a new competitor will bring "lower prices, greater choice and more innovation to consumers".
"We disagree with this decision wholeheartedly, and will continue to fight the kind of consumer-harming megamergers our antitrust laws were created to prevent". Markets don't recover from mergers like this one-they turn into oligopolies marked by high prices, collusion, and inequality.More news: Trump's $4.8T budget sets trade, defense, energy, deregulation as key goals