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Business Briefs: Congress probes Capital One data breaches

This Monday, July 22, 2019, photo shows Capital One mailing in North Andover, Mass. Capital One says a hacker got access to the personal information of over 100 million individuals applying for credit. The McLean, Virginia-based bank said Monday, July 29, 2019, it found out about the vulnerability in its system July 19 and immediately sought help from law enforcement to catch the perpetrator. (AP Photo/Elise Amendola)
This Monday, July 22, 2019, photo shows Capital One mailing in North Andover, Mass. Capital One says a hacker got access to the personal information of over 100 million individuals applying for credit. The McLean, Virginia-based bank said Monday, July 29, 2019, it found out about the vulnerability in its system July 19 and immediately sought help from law enforcement to catch the perpetrator. (AP Photo/Elise Amendola) This Monday, July 22, 2019, photo shows Capital One mailing in North Andover, Mass. Capital One says a hacker got access to the personal information of over 100 million individuals applying for credit. The McLean, Virginia-based bank said Monday, July 29, 2019, it found out about the vulnerability in its system July 19 and immediately sought help from law enforcement to catch the perpetrator. (AP Photo/Elise Amendola)

By Staff and Wire Reports 3 min read

Texas joins challenge to T-Mobile-Sprint deal

Texas has joined more than a dozen states that are suing to stop T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition.

It’s the first Republican attorney general of the group, which now consists of 14 states and the District of Columbia. California, New York and now Texas are leading the states’ case.

The Justice Department approved the deal last week alongside five Republican state attorneys general who were not involved in the states’ case. The federal government’s conditions would make satellite-TV company Dish a new U.S. wireless provider.

Critics worry that the deal would still lead to higher prices and fewer consumer perks because Dish would be a weaker competitor than Sprint currently is. Dish has to build out its network and will start life with only 9 million customers, about one-sixth of Sprint’s subscriber base today.