Sprint to lobby Congress against AT&T/T-Mobile deal2011-03-24 13:07 by DanielaTags: Sprint, AT&T, T-Mobile
AT&T's proposed purchase of T-Mobile USA for $39 billion has sparked sharp protest from Sprint Nextel here and set in motion a round of jockeying and lobbying in Washington that is likely to consume the wireless industry for months. Sprint CEO Dan Hesse told Bloomberg here at the CTIA Wireless 2011 trade show that the carrier will file its complaints about the deal to Congress. "I do have concerns that it would stifle innovation and too much power would be in the hands of just two," Hesse said at a keynote session Tuesday. The House Judiciary Committee will hold a hearing on the proposed acquisition and investigate whether it will harm competition. "We understand Sprint has concerns, and we'll be happy to address any they present, whether at the Justice Department, the FCC or the Congress," Jim Cicconi, AT&T's senior executive vice president of legislative and external affairs, said in a statement to Bloomberg. "We feel we have good and compelling answers. And we feel policymakers will readily understand that any company with whom AT&T competes may not be especially positive about anything which makes AT&T a better competitor in the wireless market." Read more -here-
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