Sprint asks FCC to block AT&T deal |
| Financial Times - Jun 1, 2011 |
Sprint Nextel, the third-largest US mobile network operator by subscribers, has formally asked regulators to block AT&T’s $39bn proposed purchase of T-Mobile USA, arguing the deal would decrease competition, harm innovation, lead to higher prices and “do nothing to relieve AT&T’s purported spectrum congestion”.
Vonya McCann, senior vice-president of government affairs for Sprint, said: “This proposed takeover puts our mobile broadband future at a crossroads. We can choose the open, competitive road best travelled, and protect American consumers, innovation and our economy, or we can choose the dead end that merely protects only AT&T.”
Sprint’s formal objections, contained in a filing with the Federal Communications Commission, comes amid growing evidence of opposition to the proposed deal from politicians as well as rivals like Sprint, Leap Wireless and smaller rural mobile operators.
Read Full Article from Financial Times
- Posted: 2011-06-01 09:35:29
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