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Sprint Issues Statement Regarding AT&T / T-Mobile Deal

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Mar 20, 2011, 9:41 PM   by Eric M. Zeman

Sprint has come forward with a statement regarding AT&T's proposed acquisition of T-Mobile USA. "The combination of AT&T and T-Mobile USA, if approved by the Department of Justice (DOJ) and Federal Communications Commission (FCC), would alter dramatically the structure of the communications industry. AT&T and Verizon are already by far the largest wireless providers. A combined AT&T and T-Mobile would be almost three times the size of Sprint, the third largest wireless competitor.If approved, the merger would result in a wireless industry dominated overwhelmingly by two vertically-integrated companies that control almost 80% of the US wireless post-paid market, as well as the availability and price of key inputs such as backhaul and access needed by other wireless companies to compete. The DOJ and the FCC must decide if this transaction is in the best interest of consumers and the US economy overall, and determine if innovation and robust competition would be impacted adversely and by this dramatic change in the structure of the industry." AT&T earlier today announced plans to acquire T-Mobile USA for $39 billion in a bid to become the nation's largest wireless provider.

more info at AllThingsD »

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Subject Author Date
Cant reject the buyout hbgguy11 Mar 21, 2011, 7:04 AM
Sprint wanted to merge with T-Mobile to avoid going out of business. bluecoyote Mar 21, 2011, 1:37 AM
Sprint should just lure T-mobile customers with insane offers. Cellular Phone Mar 21, 2011, 7:45 AM
Sounds like Sprint is bitter MrGuder Mar 20, 2011, 10:48 PM
My point exactly. Great Gadsden Mar 20, 2011, 10:01 PM
Customers ATTDRONEV2.5 Mar 20, 2011, 10:03 PM
Dear AT&T Drunk Mar 21, 2011, 12:56 AM
 
 
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