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Stockreport

Justice Department probes T-Mobile-Sprint merger's effect on smaller wireless companies [CNBC]

T-MOBILE US (TMUS)  More Company Research Source: CNBC
Last t-mobile us earnings: 5/1 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.t-mobile.com
PDF show chapters The U.S. Department of Justice is examining how the proposed merger between T-Mobile US and Sprint could affect prices for smaller wireless operators, according to two people familiar with the matter. A T-Mobile and Sprint merger would eliminate competition between the two carriers that have been the dominant players in selling network access to wireless companies that often serve pre-paid or price-conscious consumers, and could lead to higher prices for those users. The Justice Department, which is evaluating T-Mobile's $26 billion deal to buy Sprint, has been speaking with small wireless operators that buy access to the major wireless networks at wholesale rates, and is seeking their opinions about the merger, the people said, who declined to be named because the talks are confidential. Antitrust investigations are a normal part of the merger approval process, especially for large deals like T-Mobile's. A Justice Department sp [Read more]

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