10 states sue to stop $26.5B Sprint-T-Mobile deal, citing consumer harm.
It's an unusual step by the state attorneys general ahead of a decision by federal antitrust authorities. The Justice Department's decision is pending. The Republican majority of the Federal Communications Commission supports the deal .
One famous example of when the states and federal government diverged on a big antitrust case was in the fight against Microsoft, although that was not a merger case. Several states dissented from the Justice Department's settlement roughly 20 years ago. T-Mobile and Sprint announced the deal more than a year ago, saying their combined pocketbooks and holdings of"spectrum," or the airwaves that carry cellphone signals, could result in a better 5G network than what either company could build on its own. It's an assessment several Wall Street analysts have agreed with. The U.S. is in a politically sensitive race with China to be on top as this technology is developed and implemented.
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