T-Mobile US Inc. and Sprint Corp. cleared their biggest hurdle Tuesday in defeating a multistate lawsuit to block the $26.5 billion merger, but several smaller obstacles remain.
One potential roadblock is the California Public Utility Commission, which has yet to bless the review.
The combined company would be prohibited from operating in the nation’s most populous state if the regulator rejects the deal, an outcome that would likely lead to more litigation, said Gigi Sohn, a former Democratic FCC official who opposes the merger.
The California regulator, which hasn’t set a date for a vote, has until July 12 to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.