WASHINGTON DC – Senators Edward J. Markey (D-Mass.), Amy Klobuchar (D-Minn.), Tom Udall (D-N.M.), Tammy Baldwin (D-Wisc.), and Richard Blumenthal (D-Conn.), all members of the Commerce, Science and Transportation Committee, yesterday, January 24, urged Chair Roger Wicker (R- Miss.) and Ranking Member Maria Cantwell (D-Wash.) to schedule a hearing on the proposed T-Mobile US (T-Mobile) and Sprint Corporation (Sprint) merger.
T-Mobile and Sprint recently announced that they are officially seeking to merge, to create a massive company with more than 120 million subscribers.
Should the deal be completed, the nation’s four large wireless carriers will become three, which could leave consumers with fewer choices and the marketplace with less competition.
T-Mobile wishes to purchase Sprint for $26.5 Billion.
In December, a federal government committee and top regulators gave approval for the proposed merger
“The potential consequences of this merger are too great for the Senate Commerce, Science, and Transportation Committee to ignore,” write the Senators in their letter to Commerce Committee leadership. “We should examine the impact of combining these two disruptors into one mega company.”
A copy of the letter can be found HERE.