Source: US State of California
Wednesday, January 15, 2020
Contact: (916) 210-6000, email@example.com
SACRAMENTO – California Attorney General Xavier Becerra issued the following statement today on closing arguments in the states’ challenge to the proposed megamerger of telecommunications giants Sprint and T-Mobile:
“There should be no question now: this attempted megamerger would thwart competition in the telecom market and harm consumers from California to New York, and everywhere in between,” said Attorney General Becerra. “At trial, we have repeatedly demonstrated the dramatically increased market concentration that would result if T-Mobile and Sprint were to merge.
Right now, Sprint and T-Mobile compete intensely with each other on price, features and quality. That’s competition we can’t afford to lose. The costs to consumers and our economy would be palpable. Our coalition of 14 state attorneys general stands strongly opposed to the megamerger for the sake of protecting choice and competition for all Americans, and we’re confident the law is on our side.”
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