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T-Mobile and Sprint Ask For Merger Approval (axios.com)
According to documents filed Monday, T-Mobile and Sprint have formally asked the FCC to approve their proposed merger. Axios reports: In their filing, the companies said that the deal would "generate substantial public interest benefits for the customers of T-Mobile and Sprint and for U.S. wireless customers as a whole, and do not give rise to any competitive harms." "The merger unlocks the door to new broadband choices and capabilities for consumers across the country while accelerating the arrival of transformative 5G services that will produce innovation, jobs, and economic growth for our country," the companies said. Basically, the two companies have to prove to the FCC that the deal benefits consumers, and avoid antitrust concerns currently being investigated by the Department of Justice.
Hahahahaha
... "It's good for children."
It little behooves the best of us to comment on the rest of us.
There is just something that sounds REALLY weird about T-Mobile and Sprint joining forces. Sprint wants that GSM network, huh.
...the merger being blocked (or at least impeded) by AT&T
Maybe not in a manner easily traced back to AT&T, but isn't that what friends are for?
Unless they pay me 70 million dollars in the span of 15 seconds with a single transaction in US currency and it fills my bank account.
Otherwise, they will have to pay monthly payments of 10 million for 15 years in the same manner as previously mentioned.
Uneducated people have to keep bitching about everything that doesn't go their own way. The shit stain on a thong has a higher I.Q. than ^
and that, my friends, is the sound of a paid shill s'ing the f up
you mean the children of the politicians they bribed to get this approved I can't argue.
Seriously, we need to get people to stop voting for any politician who accepts money from corporations and/or PACs. It should be a litmus test. Why the hell would you vote for somebody who admits to bribes?
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We are getting trumped.
Every state must have at least 3 independent suppliers. Barring that, the top providers are barred from entering the market.
You can merge all you want so long as customers have a reasonable option to use a competitor
They get a horrible brand name, horrible network, terrible spectrum on a different frequency with less propagation and less building penetration that Sprint's lease of will expire in 10 years or so. I guess as long as they dissolve sprint completely and just take their subscribers it might not be horrible.
No, uneducated people chose for president a compulsive liar, scammer, con-artist who's accumulated more than 1300 civil lawsuits against him in his carreer, and who said about his supporters "I could stand in the middle of fifth avenue and shoot someone, and I still wouldn't lose any voters".
THAT is what uneducated people do.
And that my friends is an idiot who thinks 'shill' is someone they disagree with.
Ajit Pai, being a good Verizon employee, would never let this go through.... unless they pay him more. Then anythings possible with that $h!7 tard.
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Yea, I won't be on T Mobile any longer.
Highlander was a cautionary tale about the corporate ecosystem.
IIRC there were talks of a Sprint acquiring T-Mobile USA back in 2015 and it died off due to regulatory concerns, so what's different now? Oh right, people that are far easier to bribe are now in office.
They had also tried to sell off T-Mobile USA to AT&T back in 2011, but the DOJ blocked that and T-Mobile netted some very nice contract termination bonuses (both money and spectrum) from AT&T in the process.
Deutsche Telekom (T-Mobile's Germany based parent company) has been crying that T-Mobile USA is bleeding money and trying to off-load it on someone else since the first failed sale attempt back in 2011. But maybe it's all just a smoke screen to try and get regulators to back off from them so they can make a fast buck.
You can merge all you want so long as customers have a reasonable option to use a competitor
A reasonable perspective though remember that oligopolies are a thing and can be just as bad as a monopoly. It's not clear that going from 4 major wireless providers to 3 provides any benefit to consumers but it's pretty obvious how it might hurt them.
In some cases a monopoly is actually the most economically efficient. Having multiple companies run power lines to your house is actually more expensive than having a single well regulated monopoly for example. Same with water lines and other utilities. Typically these are natural monopolies. But these sorts of situations are exceptions and don't seem applicable for wireless services if they are being properly regulated.