T-Mobile

10 state attorneys general sue to block T-Mobile/Sprint merger

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John Legere, CEO of T-Mobile, and Marcelo Claure, left, executive chairman of the board of Sprint. Photo: Tom Williams/CQ Roll Call

Ten state attorneys general filed a lawsuit against T-Mobile's merger with Sprint, Reuters reports, with New York and California attorneys general taking the lead.

Why it matters: The $26 billion deal would combine the third- and fourth-largest national wireless carriers, removing a competitor in the industry. The FCC has signaled its approval of the deal, but the Justice Department reportedly has reservations. FCC Chairman Ajit Pai and DOJ's head of antitrust Makan Delrahim met Friday to discuss the deal, per Fox Business, and a decision could come as soon as this week.

FCC gets billions from 5G spectrum auction

AT&T and T-Mobile committed to spend a combined $1.8 billion in an auction for the high-frequency spectrum needed to deliver some of the fastest 5G speeds, per Ars Technica.

Why it matters: Spectrum is the foundation of any cellular network and delivering 5G requires higher frequency bandwidth than many carriers have in their possession.