According to Reuters, Deutsche Telekom announced on Thursday, August 8, it still expects the merger of its US unit T-Mobile with Sprint to generate US$43 billion in cost savings even after tweaking the deal to secure antitrust clearance.
The US Department of Justice approved the deal, which was struck more than a year ago, after T-Mobile agreed to sell Sprint’s prepaid business to satellite TV firm Dish Network to create a fourth US wireless carrier.
However, a lawsuit filed by over a dozen US states seeking to halt the deal is still outstanding and although Deutsche Telekom—which owns 63% of T-Mobile—is open to a settlement, it stated it expects the case to go to trial in December.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 216.73.216.24
Please verify email or join us
to access premium content!
