Appears like the US government is not the only party trying to stand inside the way of AT&T’s proposed acquisition of T-Mobile. Sprint today announced that it has filed suit in federal court within the District of Columbia against AT&T, Deutsche Telekom and T-Mobile. The filing outlines the carrier’s concern that the proposed deal would harm consumers, corporate customers and carriers (which includes, , Sprint), while transforming AT&T-Mobile and Verizon right into a “duopoly.” Obviously, this is not the primary time the carrier has let the arena know that it’s not particularly pumped concerning the whole proposal. See the total litigious press release after the break.
Sprint Files Suit to dam Proposed AT&T and T-Mobile TransactionWASHINGTON–(EON: Enhanced Online News)–Sprint Nextel [NYSE:S] today brought suit against AT&T, Inc., AT&T Mobility, Deutsche Telekom and T-Mobile looking to block the proposed acquisition as a contravention of Section 7 of the Clayton Act. The lawsuit was filed in federal court inside the District of Columbia as a related case to the dept of Justice’s (DOJ) suit against the proposed acquisition.
“Sprint opposes AT&T’s proposed takeover of T-Mobile,” said Susan Z. Haller, vice chairman-Litigation, Sprint. “With today’s legal action, we’re continuing that advocacy on behalf of shoppers and competition, and expect to contribute our expertise and resources in proving that the proposed transaction is unlawful.”
Sprint’s lawsuit makes a speciality of the competitive and consumer harms which might result from a takeover of T-Mobile by AT&T. The proposed takeover would:
Harm retail consumers and company customers by causing higher prices and fewer innovation.
Entrench the duopoly control of AT&T and Verizon, both “Ma Bell” descendants, of the just about one-quarter of one thousand billion dollar wireless market. End result of the transaction, AT&T and Verizon would control greater than three-quarters of that market and 90 percent of the profits.
Harm Sprint and the opposite independent wireless carriers. If the transaction were to be allowed, a combined AT&T and T-Mobile would manage to use its control over backhaul, roaming and spectrum, and its increased market position to exclude competitors, raise their costs, restrict their access to handsets, damage their businesses and ultimately to minimize competition.
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