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Mobile carrier T-Mobile has completed its merger with Sprint, creating a more formidable third rival to AT&T and Verizon. CEO John Legere stepped down as part of the merge.
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The proposed merger "is not reasonably likely to substantially lessen competition" in the mobile wireless market, the judge said. The deal would unite the nation's third- and fourth-largest carriers.
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The next hurdle is a federal trial in December in which a coalition of state attorneys general are challenging the merger as anti-competitive.
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"When it comes to corporate power, bigger isn't always better," New York Attorney General Letitia James said. The plaintiffs say the proposed merger would limit competition and lead to higher prices.
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"This is a unique opportunity to speed up the deployment of 5G throughout the United States and bring much faster mobile broadband to rural Americans," said chairman Ajit Pai.
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The third- and fourth-largest U.S. wireless carriers had been in talks for a long time but announced Saturday that they could not agree on mutually beneficial terms.