Hot on the heels of a report that claimed that T-Mobile and Sprint are hammering out the final details of a merger, several senators have penned a letter asking for an investigation into the two carriers.
U.S. Senator Amy Klobuchar (D-MN), U.S. Senator Al Franken (D-MN), and seven other senators have written a letter urging the FCC and DOJ to investigate the potential impact of a T-Mobile-Sprint merger. “A combination of T-Mobile and Sprint could raise significant antitrust issues and could harm consumers,” Klobuchar explains. “Competition among four major cell phone carriers has benefited consumers with lower prices, better service, and more innovation. We are concerned that consolidation will thwart those goals.”
Klobuchar says that while no deal has been officially announced, T-Mo and Sprint have tried to merge in the past, and reports suggest that they’re close to a deal. Starting an investigation now, Klobuchar argues, will help the FCC and DOJ to quickly and fully review the agreement between T-Mobile and Sprint if one is announced.
This letter was also signed by Patrick Leahy (D-VT), Richard Blumenthal (D-CT), Ron Wyden (D-OR), Kirsten Gillibrand (D-NY), Ed Markey (D-MA), and Jeff Merkley (D-OR).
Reports have suggested that T-Mobile and Sprint are nearing the final stretch of their merger talks and that a deal could be announced by the end of October. Such a deal would be subject to regulatory approval, and while some have suggested that the current administration would be more favorable to a T-Mobile-Sprint merger than the previous one, it looks like this group of senators wants to make sure that the agreement and its potential effects are fully considered.
You can read the senators’ full letter at the link below.
Source: U.S. Senator Amy Klobuchar