T-Mobile conducts layoffs as it prepares to complete Sprint merger
Enlarge / The logo of Deutsche Telekom, owner of T-Mobile, seen at Mobile World Congress in February 2019 in Barcelona, Spain. (credit: Getty Images | NurPhoto )
T-Mobile "has laid off a number of employees" in its prepaid business, Light Reading reported yesterday. Light Reading said three sources confirmed layoffs in the Metro by T-Mobile prepaid business, but "the extent of the layoffs is unclear." We contacted T-Mobile about the reported layoffs and will update this article if we get a response.
A federal judge approved T-Mobile's $26 billion acquisition of rival Sprint about two weeks ago, rejecting a lawsuit by 13 state attorneys general who warned that the merger will reduce competition in the wireless telecommunications market and harm consumers with higher prices.
New York Attorney General Letitia James decided not to appeal the ruling, and the merging firms say they expect to be one company by April 1. California telecom regulators still have not approved the deal, a potential factor that could delay the merger closing.
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