T-Mobile, Sprint File With FCC
T-Mobile and Sprint have filed with the Federal Communications Commission for approval of their proposed merger, and promised in their public interest statement that the deal would create more jobs, more choice in video and business service, and world-class 5G service, while lowering consumer prices and helping close the rural high-speed divide. They said the goal is to beat AT&T and Verizon, not emulate them. They pointed to Verizon and AT&T getting into other businesses, saying that is not their strategy.
"Verizon and AT&T are investing in a wide array of businesses in recognition of a converging broadband market, and therefore their interests and resources are spread across a lot of areas," T-Mobile and Sprint told the FCC. AT&T has just closed on its deal to acquire Time Warner and its programming assets, for example. "New T-Mobile will be laser-focused on improved broadband connectivity at a lower price," the companies said. "This means New T-Mobile will not be coordinating with AT&T, Verizon or other large players to increase prices or restrict the amount of data delivered per dollar." "New T-Mobile will be able to leverage a unique combination of complementary assets to unlock massive synergies in order to build a world-leading nationwide 5G network that will deliver unprecedented services to consumers, increasingly disrupt the wireless industry, and ensure U.S. leadership in the race to 5G."
T-Mobile, Sprint File With FCC T-Mobile, Sprint file for approval of $26 billion merger (The Hill)