T-Mobile reportedly reaches settlement with California AG on Sprint merger

According to two separate sources, T-Mobile has reached an agreement with California's attorney general regarding its proposal to merge with Sprint. The California AG has stood as a leading opponent to the deal. The Wall Street analysts at New Street Research and Politico Pro reporter Leah Nylen both reported that the agreement would be announced later Wednesday. Officials from T-Mobile and the California attorney general did not immediately respond to questions from Light Reading on the topic. In a brief note issued to investors Wednesday morning, the New Street Research analysts wrote that California and roughly a dozen other states will drop their opposition to the proposed merger of T-Mobile and Sprint under the new deal. They had filed a lawsuit seeking to block the merger, though a judge ruled against them earlier this year. Under the new deal that will reportedly be announced, the states will agree not to pursue an appeal of that verdict.