Sunday, November, 27, 2022 07:52:00
Colorado drops its T-Mobile-Sprint lawsuit after securing 5G assurance
After recent drama with Sprint-T-Mobile merger, Colorado has finally dropped its lawsuit on the bases of gaining assurance from Dish Network of building its new wireless headquarters in the state. According to credible reports, Dish has promised that Colorado would be the first state in the nation to have 5G network services and its headquarter would create numerous jobs opportunities in the region.
However, critics claim that the merger would hurt consumers by reducing competition in the wireless service thereby driving up service cost. Reportedly, DOJ had approved the T-Mobile-Sprint merger of $26.5 billion in July after the company agreed that it will sell its prepaid wireless units, including Virgin Mobile and Boost, to Dish network for USD 5 billion.
As part of the deal, Dish would be taking Sprint’s and T-Mobile’s service spectrum. The Federal Communications Commission also approved the merger, while Dish could turn out to be the third-largest wireless competitor after negotiation with the Justice Department.
Sources cite that Dish will be introducing its wireless wing out of an existing company facility in Littleton for a minimum of seven years. The company has also assured that it would be employing around 2,000 people in Colorado’s wireless industry after three years of the deal’s closure.
Charlie Ergen, Chairman & Co-Founder, Dish Network, said that the settlement with Colorado positioned their company to make a transformative impact on the wireless sector. He added that this deal would strengthen competition for millions of customers in America while bringing the nation’s first virtualized standalone 5G broadband network.
For the uninitiated, Colorado was part of a multistate lawsuit headed by the office of New York State Attorney General with an aim to stop the Sprint-T-Mobile merger. Colorado has also now become the second state to drop out of the lawsuit along with Mississippi.
Source Credit - https://www.theverge.com/2019/10/21/20925150/tmobile-sprint-merger-dish-network-colorado-attorney-general-lawsuit-fcc-doj