Analysts Predict Sprint, T-Mobile Merger Will Be A Massive Job Killer

Analysts Predict Sprint, T-Mobile Merger Will Be A Massive Job Killer

7 years ago
Anonymous $uquhsGEL_U

https://www.techdirt.com/articles/20171010/10034638378/analysts-predict-sprint-t-mobile-merger-will-be-massive-job-killer.shtml

For much of the year, Sprint has been trying to butter up the Trump administration to gain approval for a merger with T-Mobile. Sprint's previous attempts at such a merger were blocked by regulators, who correctly noted that reducing wireless competitors from four to three would raise rates and reduce carrier incentive to improve and compete. But with the Trump administration spearheading a new wave of mindless merger mania in the telecom space, Sprint is poised to try again, and is expected to formally announce its latest attempt to acquire T-Mobile in just a matter of weeks.

Of course like any good merger, that will involve countless think tankers, lobbyists, consultants, fauxcademics and other policy voices willfully ignoring M&A history, insisting that the deal will magically spur competition, save puppies, cure cancer, and result in countless thousands of new jobs. But many respected sector analysts are busy noting that the job is expected to be a mammoth job killer. How much of a job killer? One analyst predicts the merged company could result in more net job losses than the total number of employees Sprint currently has:

Analysts Predict Sprint, T-Mobile Merger Will Be A Massive Job Killer

Oct 11, 2017, 2:17pm UTC
https://www.techdirt.com/articles/20171010/10034638378/analysts-predict-sprint-t-mobile-merger-will-be-massive-job-killer.shtml >For much of the year, Sprint has been trying to butter up the Trump administration to gain approval for a merger with T-Mobile. Sprint's previous attempts at such a merger were blocked by regulators, who correctly noted that reducing wireless competitors from four to three would raise rates and reduce carrier incentive to improve and compete. But with the Trump administration spearheading a new wave of mindless merger mania in the telecom space, Sprint is poised to try again, and is expected to formally announce its latest attempt to acquire T-Mobile in just a matter of weeks. >Of course like any good merger, that will involve countless think tankers, lobbyists, consultants, fauxcademics and other policy voices willfully ignoring M&A history, insisting that the deal will magically spur competition, save puppies, cure cancer, and result in countless thousands of new jobs. But many respected sector analysts are busy noting that the job is expected to be a mammoth job killer. How much of a job killer? One analyst predicts the merged company could result in more net job losses than the total number of employees Sprint currently has: