Sprint, T-Mobile Try To Sell The Public On A Job-Killing, Competition Eroding Megamerger

Sprint, T-Mobile Try To Sell The Public On A Job-Killing, Competition Eroding Megamerger

6 years ago
Anonymous $CLwNLde341

https://www.techdirt.com/articles/20180430/09585439745/sprint-t-mobile-try-to-sell-public-job-killing-competition-eroding-megamerger.shtml

Sprint and T-Mobile are once again talking megamerger. The two companies tried to merge in 2014, but had their romantic entanglements blocked by regulators who (quite correctly) worried that the elimination of one of just four major players in the space would eliminate jobs, reduce competition and drive up costs for consumers. Emboldened by the Trump FCC's rubber stamping of industry desires, the two companies again spent much of last year talking about a potential tie up, though those efforts were ultimately scuttled after the two sides couldn't agree on who'd get to run the combined entity.

But the two companies appear to have settled their disagreements, and over the weekend announced they'd be attempting to merge once again as part of a $26 billion deal. Executives for both companies spent most of the weekend trying to convince the public that dramatically reducing competitors in the sector would magically somehow create more competition:

Sprint, T-Mobile Try To Sell The Public On A Job-Killing, Competition Eroding Megamerger

May 1, 2018, 2:36pm UTC
https://www.techdirt.com/articles/20180430/09585439745/sprint-t-mobile-try-to-sell-public-job-killing-competition-eroding-megamerger.shtml >Sprint and T-Mobile are once again talking megamerger. The two companies tried to merge in 2014, but had their romantic entanglements blocked by regulators who (quite correctly) worried that the elimination of one of just four major players in the space would eliminate jobs, reduce competition and drive up costs for consumers. Emboldened by the Trump FCC's rubber stamping of industry desires, the two companies again spent much of last year talking about a potential tie up, though those efforts were ultimately scuttled after the two sides couldn't agree on who'd get to run the combined entity. >But the two companies appear to have settled their disagreements, and over the weekend announced they'd be attempting to merge once again as part of a $26 billion deal. Executives for both companies spent most of the weekend trying to convince the public that dramatically reducing competitors in the sector would magically somehow create more competition: