Ownership

Sen. Amy Klobuchar (D-MN): “I have repeatedly raised serious antitrust concerns about the harmful effects of merging T-Mobile and Sprint, two of the four remaining nationwide wireless carriers. Overwhelming evidence shows that approving this merger will almost certainly hurt competition and consumers and lead to higher prices, worse service, and less innovation. I am hopeful that the lawsuit brought by over a dozen state attorneys general to block the merger will be successful.”

The expert staff of the Commission and the Justice Department have agreed that the merger between TMobile and Sprint, as originally submitted, would likely harm competition and raise prices. Rather than denying that merger, however, the majority has turned to the parties for paper-thin commitments that they contend will expand broadband access and the deployment of 5G. But these promises cannot mask reality. You don’t need to be an expert to know that going from four wireless carriers to three will hurt competition. This merger takes a bad situation and makes it worse.

We’ve all seen what happens when markets become more concentrated after a merger like this one. In the airline industry, it brought us baggage fees and smaller seats. In the pharmaceutical industry, it led to a handful of drug companies raising the prices of lifesaving medications. There’s no reason to think this time will be different. Overwhelming evidence demonstrates that the T-Mobile-Sprint merger will reduce competition, raise prices, lower quality, and slow innovation.

On Oct 16, as a commissioner at the Federal Communications Commission, I voted to block the merger of T-Mobile and Sprint, the country’s third- and fourth-largest wireless carriers. But I am only one of five votes at the agency, and a majority of my colleagues have already voiced their support for this transaction. On top of that, the Department of Justice recently reached an agreement with the carriers, giving them a green light to combine. The largest wireless merger in history is now headed toward approval.

The top Democratic presidential candidates wrangled over their differing views on how to take on the unprecedented power of Big Tech, marking the first time the contenders have been asked to discuss the issue on the debate stage. Most of the candidates drew a contrast between their own views and those of Sen. Elizabeth Warren (D-MA), who has called for breaking up top tech companies including Facebook, Google and Amazon. While other candidates agreed the government should take on Big Tech, they said they don't believe "breaking up" the companies will properly address issues including data p

What is the agenda that provides hope and opportunity for Americans in a new digital-based economy? So far, much of the campaign focus on the new economy has been reduced to a misleadingly simple “break ‘em up!” solution for Big Tech.

A days-long feud between Sen. Elizabeth Warren and Facebook intensified over the weekend as she openly accused the company of "taking money to promote lies." Facebook fired back via another social media platform, Twitter, where the company compared itself to broadcast television stations that ran a Trump ad and are regulated by the Federal Communications Commission. The "FCC doesn't want broadcast companies censoring candidates' speech," Facebook said.

The decision by Mississippi's Attorney General to switch sides to support the proposed T-Mobile/Sprint merger immediately triggered questions about whether other states would follow suit. But MS is unique in its decision—and there’s little reason to suggest a slew of other states will follow in its footsteps.

Commissioner Noah Phillips downplayed the Federal Trade Commission’s potential use of Section 2 of the Sherman Act to block anticompetitive mergers, highlighting its limitations compared with Clayton Act Section 7, the statute under which US antitrust enforcers typically challenge deals. For Section 2 to be effective in challenging a merger, the agency must show the acquiring company is overwhelmingly dominant.  “You need to have a monopolist,” Commissioner Phillips said.

Opponents of the T-Mobile-Sprint merger are piling on the deal in the hopes of convincing a judge the Justice Department’s settlement isn’t good enough. The DOJ’s agreement with the wireless companies has to receive final sign-off from Judge Timothy Kelly of the DC District Court, and critics want to make it a tough decision. Historically, the federal court review of a merger settlement has been an uneventful affair.