T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say [Reuters]
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Source: Reuters
T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say - Reuters 5 Min Read WASHINGTON/NEW YORK, May 22 (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. With postpaid, people pay with credit cards or monthly bank withdrawals. Cost matters. Pew Research Center found in 2015 that 48% of the people they polled had to cancel or shut off their cell phone service for at least a short time because they could not afford it. T-Mobile and Sprint said on Monday they would sell Sprint’s Boost Mobile business, which sells prepaid plans, and ensu
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TMUS
Earnings
- 4/25/24 - Beat
TMUS
Sec Filings
- 4/25/24 - Form 8-K
- 4/23/24 - Form 4
- 4/18/24 - Form 4
- TMUS's page on the SEC website