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

Sprint Opposes AT&T Purchase of T-Mobile USA

Tuesday, 29 March 2011 01:31 PM EDT

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 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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 March 2011 01:31 PM
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