Tags: AT&T | T | Mobile USA | Sprint Statement

Sprint Opposes AT&T Purchase of T-Mobile USA

Tuesday, 29 Mar 2011 01:31 PM

Sprint Nextel is urging government officials to block AT&T Inc.'s planned acquisition of T-Mobile USA from Germany's Deutsche Telekom AG.

Sprint, the nation's third-largest wireless carrier, said the proposed $39 billion cash-and-stock deal would create a duopoly market for U.S. wireless services dominated by AT&T and Verizon Wireless.

"On behalf of our customers, our industry and our country, Sprint will fight this attempt by AT&T to undo the progress of the past 25 years and create a new Ma Bell duopoly," Sprint said in a statement Monday.

The Justice Department and the Federal Communications Commission could take a year or longer to review the proposed transaction.

AT&T argues that the wireless industry would still be "intensely competitive" — with multiple players in most local markets — even with the combination.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Markets
Sprint Nextel is urging government officials to block AT T Inc.'s planned acquisition of T-Mobile USA from Germany's Deutsche Telekom AG.Sprint, the nation's third-largest wireless carrier, said the proposed $39 billion cash-and-stock deal would create a duopoly market for...
AT&T,T,Mobile USA,Sprint Statement
128
2011-31-29
Tuesday, 29 Mar 2011 01:31 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved