Sprint/T-Mobile a Terrible Idea for Consumers, Free Press Says
Free Press signaled it would fight any Sprint/T-Mobile combination. Bloomberg News reported Friday that Sprint and parent SoftBank have informally contacted T-Mobile owner Deutsche Telekom about a deal. The companies aren’t commenting. “No one but [President] Donald Trump’s pals on…
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Wall Street wants to see this competition-killing, investment-killing and job-killing merger,” Free Press President Craig Aaron said in a news release. “There is no rational justification for this deal. It’s motivated by pure greed and a desire to reach deeper into people’s wallets.” Consumers win when telecom combinations falter, Aaron said. “In recent years, T-Mobile and Sprint have each exerted important competitive pressures on the wireless market, pushing each other and AT&T and Verizon to do things they otherwise wouldn’t -- like offering uncapped data plans again and dropping burdensome contract requirements.”