Reducing the number of national wireless carriers from four to three could result in higher prices for consumers
Washington (January 24, 2019) – Senators Edward J. Markey (D-Mass.), Amy Klobuchar (D-Minn.), Tom Udall (D-N.M.), Tammy Baldwin (D-Wisc.), and Richard Blumenthal (D-Conn.), all members of the Commerce, Science and Transportation Committee, today urged Chairman Roger Wicker (R- Miss.) and Ranking Member Maria Cantwell (D-Wash.) to schedule a hearing on the proposed T-Mobile US (T-Mobile) and Sprint Corporation (Sprint) merger. T-Mobile and Sprint recently announced that they are officially seeking to merge, to create a massive company with more than 120 million subscribers. Should the deal be completed, the nation’s four large wireless carriers will become three, which could leave consumers with fewer choices and the marketplace with less competition.
“The potential consequences of this merger are too great for the Senate Commerce, Science, and Transportation Committee to ignore,” write the Senators in their letter to Commerce Committee leadership. “We should examine the impact of combining these two disruptors into one mega company.”
A copy of the letter can be found HERE.