Arkansas joins states backing T-Mobile’s deal to buy Sprint

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

WASHINGTON (Reuters) – Arkansas has decided to back the U.S> Justice Department’s decision to approve a merger of T-Mobile US and Sprint, the third and fourth largest U.S. wireless carriers.

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With Arkansas, the Justice Department has nine states backing its settlement to approve the $26 billion deal on condition that it divest assets to Dish Network Corp, the department said in a statement.

New York, California and the attorneys general of 13 other states and Washington, D.C., are headed to court to fight the planned merger in a trial that is to begin on Dec. 9. Colorado and Mississippi have defected from that effort.

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With the expiration of the deal agreement last week, the companies are in talks to extend it. T-Mobile Chief Executive John Legere on Thursday declined to rule out requesting the $26 billion price be reduced.

Reporting by Diane Bartz; Editing by Alistair Bell



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