merger

AUSTIN, Texas — Earlier today, Texas Attorney General Ken Paxton announced Texas would join a multi-state lawsuit challenging a proposed $26 billion merger of T-Mobile and Sprint — which represent the 3rd and 4th largest mobile wireless telecommunications service providers in the United States.

"The merger, if consummated, would result in a substantial harm to competition in the market for mobile wireless telecommunications services, both nationwide, and specifically within the State of Texas," read a press release from Paxton's office.

“While we appreciate the time and effort that went into the agreement between the parties and the U.S. Dept. of Justice, the Texas Attorney General has an independent obligation to protect Texas consumers," stated Paxton in the release. "After careful evaluation of the proposed merger and the settlement, we do not anticipate that the proposed new entrant will replace the competitive role of Sprint anytime soon.”

On June 11, 2019, New York and California co-led the filing of the lawsuit which includes attorney generals from Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, Virginia, Wisconsin, and the District of Columbia.

During a hearing at the U.S. District Court in the Southern District of New York earlier today, counsel for New York advised the court it would seek a leave to allow Texas, and possibly other states, in joining the lawsuit next week.

“It is the Attorney General’s responsibility to preserve free market competition, which has proven to result in lower prices and better quality for consumers," stated Paxton.

"The bargain struck by the U.S. Dept. of Justice is not in the best interest of working Texans, who need affordable mobile wireless telecommunication services that are fit to match the speed and technological innovation demands of Texas’ growing economy," he concluded.