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Colorado abandons legal bid to stop the Sprint and T-Mobile merger

FILE PHOTO: A smartphone with the Sprint logo is seen in front of a screen, the projection on the T-mobile logo, in this picture illustration April 30, 2018. REUTERS/dado Ruvic/Illustration

WASHINGTON (Reuters) – Colorado on Monday, the second state to drop out of an exercise of the attorney-general, in order to stop T-Mobile US Inc’s (TMUS.D) $26 billion merger with Sprint Corp (S. N).

Colorado struck a deal with T-Mobile and Dish Network Corp (DISH.D), that is, the purchase of the assets disposed of in the merger. In the deal, Dish agreed to the 2,000 jobs in the state, and T-Mobile have pledged to deploy next-generation wireless 5G is very far from Colorado, the state’s attorney general’s office said in a statement.

Colorado was the second state to the failure of the New York city-led lawsuit to stop the merger. Mississippi river, said in a Feb. 9, that the withdrawal of the legal challenge.

Under the Justice Department deal to gain antitrust approval for the merger, the companies agreed to divest Sprint prepaid companies, including Boost Mobile, Dish, and provide it with access to up to 20,000 mobile phones, and hundreds of retail locations. That deal, valued at about $5 billion.

T-Mobile CEO John Legere tweeted that it was “good news” is that the Colorado river was the subject of the lawsuit. “CO’s know that T-Mobile will create jobs, and will deliver 5G to the rural areas of the state, and beyond!,” he tweeted.

In the case of the Sprint and its parent Softbank Group Corp (9984.(T), and T-Mobile and its parent company, Deutsche Telekom AG DTEGn.DE) has argued that the deal will lead to higher prices for consumers. A trial date has been set for Dec. 9.

Reporting by Diane Bartz; Editing by Chizu Nomiyama and Lisa Shumaker

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