For some, a proposed merger between Sprint and T-Mobile may have yielded an unexpected positive verdict from a judge in the U.S. District Court for the Southern District of New York. But on closer examination, the court ruling in favor of the merger doesn’t really have much shock factor.
Multiple state attorneys general filed a lawsuit in an attempt to stop Sprint and T-Mobile from joining forces, a move they argued would hinder competition and have a negative impact on consumers. Sprint and T-Mobile claimed that the merger would help them construct a nationwide 5G network to compete against the other two players in the market. According to Yahoo Finance, AT&T president and COO John Stankey called the court’s decision to approve the merger “surprising.”
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