T-Mobile CEO Tells Congress That Reducing Competition Will Increase Competition

T-Mobile CEO Tells Congress That Reducing Competition Will Increase Competition

6 years ago
Anonymous $cyhBy-qkd5

https://motherboard.vice.com/en_us/article/435jwj/t-mobile-sprint-merger-congressional-hearings

Sprint and T-Mobile are attempting to merge as part of a $23 billion deal that will reduce the number of overall major players in the U.S. wireless market from four to three.

On Wednesday, executives from both companies told a Senate Judiciary subcommittee investigating the deal that reducing the overall number of competitors in the space will somehow result in more competition, better service, and lower prices, something telecom merger history—and basic mathematics—fail to support.

T-Mobile CEO Tells Congress That Reducing Competition Will Increase Competition

Jun 29, 2018, 1:35pm UTC
https://motherboard.vice.com/en_us/article/435jwj/t-mobile-sprint-merger-congressional-hearings > Sprint and T-Mobile are attempting to merge as part of a $23 billion deal that will reduce the number of overall major players in the U.S. wireless market from four to three. > On Wednesday, executives from both companies told a Senate Judiciary subcommittee investigating the deal that reducing the overall number of competitors in the space will somehow result in more competition, better service, and lower prices, something telecom merger history—and basic mathematics—fail to support.