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we are going to court to stop this merger and to protect consumers the attorneys general from ten states filed a federal lawsuit on Tuesday to block a proposed merger between T. mobile and sprint warning that consumer prices will jump due to reduced competition this is exactly the sort of consumer harming job killing mega merger our anti trust laws were designed to prevent the lawsuit led by New York and California is a major setback for the twenty six billion dollar deal that has yet to receive the justice department's approval a source told Reuters that sprint CEO Marcello chlorate and T. mobile CEO John ledger met with DOJ officials as recently as Monday to lobby for that approval says Reuters correspondent David Shepard said sprint and T. mobile have been at this for more than a year trying to win approval from regulators across the U. S. %HESITATION but this this is a significant step which is really almost unprecedented to to preemptively sue to block a merger before the justice department has acted is a pretty significant hurdle to the company's closing this this deal T. mobile and sprint say a tie up between the third and fourth largest wireless providers in the country would better position them to compete against the top two players for rising in eighteen T. but critics of the deal fear it would likely lead to higher prices for the poorest Americans many of whom use prepaid wireless plans sprint and T. mobile are the most popular carriers among consumers making less than seventy five thousand dollars a year %HESITATION both these companies aggressively compete in this prepaid market and the complete from the state Attorney General say that those sprint T. mobile customers ultimately %HESITATION all of them could be paying more than four point five billion annually as a result of the merger so it shows that after a year of trying T. mobile and sprint still have some significant work to do to address those concerns and show the low income consumers and I could be her harmed by this merger , shares of sprint drop close to six percent on Tuesday while T. mobile shares finished down one and a half percent at the close