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Deutsche Telekom AG / Key word(s): Mergers & Acquisitions
Deutsche Telekom AG: New York Court decides in favor of T-Mobile Sprint Merger
11-Feb-2020 / 14:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Bonn, February 11th, 2020
New York Court decides in favor of T-Mobile Sprint Merger
In the lawsuit of state attorneys-general of 13 US federal states and the District of Columbia against the merger of T-Mobile US Inc. and Sprint Corp. at the United District Court for the Southern District of New York, Judge Victor Marrero today ruled in favor of the merger.
Thereby, the Court ruled in accordance with the previous positive decisions of the competent federal authorities, the Committee on Foreign Investment in the United States (CFIUS), the Federal Communications Commission (FCC) and the Department of Justice (DoJ).
Following this ruling, T-Mobile US and Sprint will pursue their planned merger as intended. It has to be taken into account, however, that the plaintiff states have legal remedies against the ruling at their disposal.
Information and Explanation of the Issuer to this News:
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11-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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