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New York-drops of the struggle at T-Mobile-Sprint merger

NEW YORK (Reuters) – New York city, on Sunday, had to step up its fight against a $40-billion merger of U.S. wireless carrier T-Mobile US Inc (TMUS.(O) and Sprint Corp (S. N), saying the state would not appeal the court’s approval of the deal.

FILE PHOTO: a Smartphone with a logo on the T-Mobile and Sprint can be seen in this figure, 19 September, 2017. REUTERS/dado Ruvic

The New York Attorney General Letitia James said her office would mean the end of the court, the challenge for the 2018 and the merger agreement, the agreement between the third-and the fourth-largest U.S. wireless carrier.

Instead, she said her office hopes “to work together with all parties concerned in order to ensure that consumers get the best value and service possible, and that networks are being built in our state, and that well-paying jobs are created right here in New York.”

A federal judge gave the companies the go-ahead on Tuesday to complete the deal. New York, New York, California, and other states had been challenged on antitrust grounds, saying it would drive the prices up for the consumer.

The office of the California Attorney General, Xavier Becerra, said that it was a review of the decision of the trial court and the options available.

“We are aware of the fact that the California Public Utility Commission, is also in this case,” he said on Sunday.

Of the 11 other countries in the group, and the District of Columbia, did not immediately reply to requests for comment.

In its statement, New York city, James said: “the process that led to the commitments made by T-Mobile in order to contribute to job creation in the Rochester and engage in a robust national diversity initiatives that will connect our communities with good jobs, and technology.”

Other states have stopped pursing their struggle by focusing on the jobs they were promised. In October, Colorado became the second state after Mississippi to cover the legal challenge, after the success of a contract with T-Mobile and Dish Network Corp (DISH.Oh, and what will be the purchase of the assets disposed of in the merger.

Dish is committed to provide 2000 jobs to Colorado, and T-Mobile have agreed to implement the next generation of wireless, 5G, over a large part of the state.

No further details were immediately available of this type of agreement with the New York city.

The all-stock deal was initially valued at $26 billion. Now that T-Mobile’s shares have moved in, the deal is valued at $40 billion.

Reporting by Hilary Russ in New York city, and Rama Venkat, Bengaluru; Editing by Lisa Shumaker, Dan Grebler and David Gregorio

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