Texas settles with T-Mobile, Sprint over merger: statement

WASHINGTON (Reuters) – Texas’ attorney general has settled with T-Mobile Inc (O:) and Sprint Corp (N:) and will drop its opposition to a merger of the third and fourth largest U.S. wireless carriers.

In a statement, Attorney General Ken Paxton’s office said in a statement that the agreement precludes the companies from raising prices for Texans for five years and commits the merged company to 5G network throughout Texas, including rural areas, during the next six years.

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