Democratic lawmakers express 'serious concerns' about T-Mobile purchase of Sprint

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Source: Reuters

WASHINGTON (Reuters) - Senators Amy Klobuchar, Elizabeth Warren and other Democratic lawmakers expressed “serious concerns” on Monday about T-Mobile US, Inc’s (DTEGn.DE) plan to buy rival Sprint Corp (S.N), focusing on the planned deal’s effect on lower-cost wireless plans, Klobuchar’s office said in a press statement.

In a letter sent to the Justice Department’s antitrust chief, Makan Delrahim, and Federal Communications Commission Chairman Ajit Pai, the senators said that they worried that the deal between the No. 3 and No. 4 wireless service providers would lead to higher prices for consumers.

“T-Mobile and Sprint have led the way in offering wireless products and service options that are more appealing to lower-income consumers, including no contract plans, prepaid and no credit check plans, and unlimited text, voice, and data plans,” the lawmakers wrote.

Read more: https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile-us/democratic-lawmakers-express-serious-concerns-about-t-mobile-purchase-of-sprint-idUSKBN1I82DB

[Maxheader]

1. Eliminate the competition

and raise the prices...seen it done before..

[Woodycall]

2. Organized Crime 101 n/t

[Initech]

4. Yup - Verizon eliminated GTE and PacBell and now we get charged $120 a month or more.

[still_one]

5. Verizon didn't eliminate pacbell. Pacbell became part of AT&T

[still_one]

6. That is not T-mobiles motive, though the merger would result in that. Their prime motive

is to obtain bandwidth

[Dustlawyer]

3. I remember when they broke up Ma Bell due to it's monopoly.

Now they are creating oligopolies every day and soon monopolies, thanks to their ability to buy our politicians.

We have to eliminate their control over our government by fighting to get Publicly Funded Elections and ending campaign donations, Super PACs, Dark Money, and the Revolving Door!

[IronLionZion]

7. Republicans are solidly against free market competition

and will argue that higher prices will create jobs through some delusional fantasy