FCC Approved T-Mobile Sprint Merger Without Even Seeing The Full Details

FCC Approved T-Mobile Sprint Merger Without Even Seeing The Full Details

5 years ago
Anonymous $xdcOWPpsb_

https://www.techdirt.com/articles/20191021/07263243227/fcc-approved-t-mobile-sprint-merger-without-even-seeing-full-details.shtml

Surprising nobody, the Ajit Pai FCC last week approved T-Mobile's $26 billion merger with Sprint. The approval comes despite that fact that antitrust experts, consumer advocates, and a long list of others have pointed out the deal will reduce wireless sector competition by 25%, inevitably driving up costs and reducing the quality of service (40 years of US telecom history suggests as much). And while T-Mobile and Sprint insists the deal will create jobs, both union reps and Wall Street predict the deal could kill anywhere between 10,000 and 30,000 jobs.

Granted last week's vote of approval was really just a formality. The FCC's majority commissioners had already made it clear they'd be signing off on the deal. Troubling but unsurprising is the repeated allegations that the Trump FCC majority signed off on the deals before seeing most of the actual details, something FCC Commissioner Jessica Rosenworcel was quick to point out in a statement: