On Wednesday California Attorney General Xavier Becerra gave a notice saying that his office won’t be appealing the earlier court decision which gave a green light for merger deal between Sprint Corp (S) and T-Mobile US Inc. (TMUS) to go ahead.
More than 12 states in the U.S have been on the forefront expressing their dissatisfaction with this deal majorly claiming if the merger is allowed to see light of the day then network consumers in the United States will be charged higher prices.
According to the notice, the U.S government reached a consensus with the two parties concerning settlement of the deal. The notice however didn’t disclose on what was agreed on.
Nonetheless, the deal must also be approved by the California Public Utilities Commission. The commission has slated April 16 as the day it will deliver its final say on the matter.
The U.S. Justice Department and the Federal Communications Commission gave the merger a go ahead after the two firms agreed to divest Sprint’s prepaid businesses in a deal worth $5 billion.
According to the agreement Boost Mobile would be divested to satellite television company Dish Network Corp (DISH) in addition, it will grant access to 20,000 cell sites and hundreds of retail locations.
A number of states had already settled the merger deal before the agreement was reached upon. These states have been pushing for jobs and price curbs.
Texas entered into an agreement with the companies preventing the merger from hiking prices for its residents in the next five years. Additionally, they also agreed to a 5G network across the state including its interior areas.