Ten U.S. states sue to stop Sprint-T-Mobile deal, saying consumers will be hurt | Reuters

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Ten states led by New York and California filed a lawsuit on Tuesday to stop T-Mobile US Inc’s $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.

The complaint comes as the U.S. Justice Department is close to making a final decision on the merger, which would reduce the number of nationwide wireless carriers to three from four.

Source: Ten U.S. states sue to stop Sprint-T-Mobile deal, saying consumers will be hurt – Reuters

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