By Anton D. Nagy | March 29, 2011 2:15 AM
Sprint has taken an official stance of opposition against the acquisition of T-Mobile by AT&T announced last week as a $39 billion deal set to create the largest domestic US carrier, serving some 130 million customers.
The nation’s third largest wireless provider thinks the transaction would reduce competition and harm consumers. While we previously heard from an anonymous FCC official that the deal will allegedly have to dramatically change its terms in order to be approved, if at all, the merger will still have to get the approval of the Department of Justice and “will likely spark a host of hearings in the U.S. Congress“.
While AT&T and Verizon represent the largest carriers at the moment, the merger would transform AT&T&T into an operator three times bigger than Sprint and, together with Verizon, could be the perfect recipe for a duopoly.
“Sprint urges the United States government to block this anti-competitive acquisition. <...> This transaction will harm consumers and harm competition at a time when this country can least afford it“, said Vonya McCann, senior vice president, Government Affairs.