As Trial Begins, Evidence Shows Sprint, T-Mobile Know Merger Will Raise Prices

As Trial Begins, Evidence Shows Sprint, T-Mobile Know Merger Will Raise Prices

4 years ago
Anonymous $4bURcB5AtU

https://www.techdirt.com/articles/20191210/08140343542/as-trial-begins-evidence-shows-sprint-t-mobile-know-merger-will-raise-prices.shtml

With the DOJ (run by former Verizon lawyer William Barr) and the FCC (run by former Verizon lawyer Ajit Pai) eager to rubber stamp Sprint's $26 billion, competition-eroding merger with T-Mobile, a lawsuit from a bipartisan coalition of states is now all that stands in the way in the deal.

That lawsuit began Monday, with state AGs making it very clear that every meaningful economic metric indicates the deal will erode competition, raise rates, and result in thousands of layoffs as redundant employees are inevitably eliminated. While Sprint and T-Mobile (and the army of consultants, lobbyists, think tankers, and government officials paid to love them) insist the deal will be wonderful for America, financially independent economists paint a decidedly different picture. One in which ongoing consolidation in the space only drives up wireless data pricing for American consumers who already pay some of the highest prices in the world for what's routinely ranked as mediocre service (whether we're talking about speeds or overall video quality).

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