Nevada Pulls Out of T-Mobile / Sprint Merger Suit
Nov 25, 2019, 5:53 PM by Rich Brome @richbrome
Nevada has reached a settlement with T-Mobile on the terms of its proposed merger with Sprint. This comes after Texas announced a similar settlement this morning. Colorado and Mississippi previously reached their own settlements. That leaves 14 attorneys general still suing to stop the merger on antitrust grounds. As part of its deal with Nevada, T-Mobile is bound to:
- Keep certain promises it made at the start of the month, such as a $15/month data plan with 2 GB of data, and a $25/month plan with 5 GB of data, with additional data added each year. New in the Nevada settlement is a commitment to keep these low-price plans for at least six years.
- Provide internet access for low-income families with small children. (Another promise made earlier this month, now made legally binding.)
- Donate $30 million to charities in Nevada chosen by the Attorney General.
- Keep an existing call center in the state with 450 employees for at least six years.
- Offer all current employees of both companies comparable jobs when the merger closes.
- Meet certain 5G coverage requirements.
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