T-Mobile increases the pressure on Sprint's merger and promises not to raise interest rates

T-Mobile, Sprint, POLICY & LAW, mobile, US & WORLD, AT & T, T-Mobile increases the pressure on Sprint's, technology, news, tech, 5G,
SPRINT, T-MOBILE

T-Mobile increases the pressure on Sprint's merger and promises not to raise interest rates
A $ 26 billion deal was announced last April


T-Mobile's chief executive, John Leger, promised in a letter to the chairman of the Federal Communications Commission, Agit Bay, yesterday, not to increase the prices of consumer plans for three years if the merger of the proposed company with Sprint was approved. 

Leger said the merged company would offer "the same price or better" as wireless operators currently do. 

T-Mobile and Sprint said it would take about three years to fully pool their networks.

The merger is a $ 26 billion deal that will reduce the country's main wireless competition from four different providers to three, including AT & T and Verizon. 

The merger was proposed in April and is on its way through the government for review until regulatory authorities such as the FCC and the Justice Department decide whether to approve it.

"New T-Mobile Rates Will not Rise"
"Our critics, who have largely used Big Teelco and Big Cable, have mainly discussed that we will raise interest rates after the closure of the merger," Leger said in a letter to the Federal Communications Commission (FCC). 

Many legitimate concerns about the potential impact of the agreement on competition, consumer choice and jobs.) "I want to reaffirm unequivocally that the new T-Mobile rates will not rise.

Instead, our integration will ensure that US consumers pay less and get more. "Although the letter is official, it is not legally binding, and T-Mobile may decide to raise prices after approval of the merger without consequences.

T-Mobile is stepping up efforts to get approval for this deal. Yesterday, Politico reported that former FCC Commissioner Mignon Clyburn had been brought by T-Mobile to advise on the merger. 

Clyburn is a known ally of public interest groups and can tolerate support in the direction of the carrier. 

In 2011, Clyburn opposed the AT & T bid to acquire T-Mobile, but according to Politico, believes that this new deal has the potential to help deliver services to rural areas and close the digital divide.

In a note to investors, New Street Research, a communications and technology group, said the waiver from T-Mobile might indicate the deal was in hot water. 

"The question for investors is whether this commitment is an indication that the transaction is more likely or less likely to be approved," the memo said. "They counted us at the least likely camp."

"In general, when it comes to mergers, the first side that makes concessions is likely to be the loser," the memo continued.

In January, legislators announced a joint hearing between the House Energy and Commerce and Judiciary committees for a closer look at the proposed merger. 

Marcello Clore, chief executive of Legery and Sprint, agreed to testify before the panel to answer questions the lawmakers might ask about the deal later this month.

In a press release, the committee's leadership wrote, 

"We must hold this hearing to consider the implications on important issues such as jobs, consumer costs, innovation and competition.

"We look forward to studying this integration from the perspective of what is in the interest of consumers and people who work hard."

Last summer, Leger and Clor testified before the Senate, but Democratic trade lawmakers also expressed concern about the merger, demanding another meeting to discuss the deal. 

In a letter last month, Sen. Ed D. Markey (D-MA), Richard Blumenthal (D-CT), Tammy Baldwin (D-WI) and most likely presidential candidate Amy Klobuchar (D-MN) requested that the Republican majority In the company executives on the proposal.

"This committee should assess the current claims of TG Mobile and Sprint and the results of this merger in the innovation of US wireless networks," the lawmakers wrote.

 "This decline in competition raises a number of important questions that the Commission must address."

"We are the air transport company," Leger said in a speech yesterday. 

"If we break the trust in higher interest rates and lower interest rates, we will lose our loyal customers and destroy the future of our brand, I want to assure you that we will never do that."

Legery, who often quarreled with President Trump on Twitter, and other executives at T-Mobile, spent a lot of time in the capital through the merger, 

A spokesman for T-Mobile said in response to the allegations last month: "T-Mobile's top leadership team remains in a variety of hotels in the capital and across the country - and they are selected primarily on the basis of proximity to the meetings taking place."

Share this:

Post a Comment

Continue new latest technology, latest smartphones, tech news, video games news, top 10, good deals

 
Copyright © Tech4uBox | New Technology | New Phone | Video Games News.