Edward C. Baig, Mike Snider and Brett MolinaSprint and T-Mobile have moved yet another step closer to a merger, and it could lead to consumers paying more for wireless plans.
Both companies say joining forces will benefit consumers by expanding access to next-generation 5G cellular networks and offer better service nationwide. The merger will also create new jobs, the companies said, adding more than 3,500 additional full-time U.S. employees in the first year and 11,000 more people by 2024.
Boost founder Peter Adderton, a vocal critic of the merger from the outset, claims such brands helped suppress prices for the kind of budget-focused customer who gravitates toward these and other prepaid providers. "This outcome puts consumers at risk. The states put on a strong case, and the DOJ's proposed remedy is still very risky – at best we are losing a competitor today, in the hope of getting one back later," said John Bergmayer, legal director at consumer advocacy group Public Knowledge, in a statement.
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Source: WSJ - 🏆 98. / 63 Read more »
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Source: WSJ - 🏆 98. / 63 Read more »