US: Sprint, T-Mobile deal faces third round of congressional hearings

Executives for T-Mobile US and Sprint will confront more questioning from lawmakers over their US$26 billion merger as opponents of the deal continue to urge regulators to block it, reported Bloomberg.

T-Mobile CEO John Legere and Marcelo Claure, executive chairman of Sprint, will be the stars among the six witnesses who testify before the House of Representatives Judiciary Committee’s Antitrust subcommittee. Legere said during a run in Washington on Sunday, March 10, that he posted on Twitter that he was “really looking forward” to the hearing.

The agreement to combine the No. 3 and No. 4 US wireless carriers, struck in April of last year, was approved by both companies’ shareholders in October and has received national security clearance, but needs approval from the Justice Department and the Federal Communications Commission.

Full Content: Bloomberg

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