Sprint Sues To Stop AT&T Purchase of T-Mobile
Sep 6, 2011, 12:46 PM by Rich Brome @richbrome
updated Sep 6, 2011, 3:03 PM
Sprint today filed suit in federal court against AT&T and T-Mobile, seeking to block the companies' proposed merger. The suit is linked to the recently-filed Department of Justice case, also opposing the merger. Sprint has been a vocal opponent of the merger from the start, and has taken smaller legal actions at the state level, but this is the company's most aggressive action to date. Sprint cites three key arguments against the merger: 1. It would harm customers by raising prices and hindering innovation. 2. It would give control of three-quarters of the market to just two companies: AT&T and Verizon, creating a duopoly. 3. It would create too much opportunity for anti-competitive behavior that could harm Sprint and other, smaller carriers. Sprint's primary legal argument is based on the Clayton Antitrust Act of 1914.
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Comments
Sprint should be happy about the merger, unless they are liars.
If the acquisition would lead to increased prices and lower quality products as the justice department has claimed, Sprint would be better off after the acquisition.
Sprint would be able to add subscribers, not lose them, because of AT&T's higher prices and lower quality.
If you think about it, Sprint should only oppose the acquisition-as it has- if it thought that the merger would put it in a worse position by increasing the competitive pressures that it already face.
justfinethanku said:...
... If you think about it, Sprint should only oppose the acquisition-as it has- if it thought that the merger would put it in a worse position by increasing the competitive pressures that it already face.
(continues)
The first is that Sprint's biggest competitor in the budget rate plan with a contract cell phone business is ............................................. (wait for it)...............
(continues)
