Colorado No Longer Opposes T-Mobile and Sprint's Merger
The saga of T-Mobile (NASDAQ: TMUS) merging with Sprint (NYSE: S) continues to drag on. The companies formally secured the Federal Communications Commission's blessing last week following a party-line vote, which was expected since three of the five commissioners had already voiced support for the proposed $26 billion merger. The last hurdle that T-Mobile and Sprint face is a multistate lawsuit filed by numerous state attorneys general that is seeking to block the deal on anticompetitive grounds.
The companies have been negotiating with states to address concerns, often making state-specific commitments to appease the prosecutors; Mississippi pulled out of the lawsuit earlier this month. Colorado has just done the same.
Image source: T-Mobile.
Source Fool.com
