T-Mobile US CEO John Legere heads to Capitol Hill this week to defend his proposed takeover of Sprint, Bloomberg reported.
Legere is set to appear Wednesday, February 13, before a House panel about the US$26.5 billion tie-up, which would unite the No. 3 and 4 US mobile carriers, sparking fears of higher prices as competition is lost. Sprint and T-Mobile claim the merger will make a stronger rival of leading providers AT&T and Verizon Communications.
The hearing before a panel of the House Energy Committee is shaping up to be a tougher test for Legere and Sprint Chairman Marcelo Claure than when they appeared before the Senate last year after the deal was announced. Since then, deal opponents—including Dish Network, Altice USA and policy groups—have been able to refine their arguments against the merger and organize against it.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI