US Justice Department Will Likely Oppose Sprint - T-Mobile Merger

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 9 months ago '07        #1
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Jago 1090 heat pts1090
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$3,973 | Props total: 7008 7008
US Justice Department Will Likely Oppose Sprint - T-Mobile Merger
 

 
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When Sprint and T-Mobile bring their expected merger plans to the U.S. Department of Justice for antitrust review, the career staff who do the bulk of the probe into whether the deal will hurt customers will likely recommend that it be stopped, three people familiar with their thinking told Reuters.

The deal between the U.S. third- and fourth-largest U.S. wireless carriers, likely to be announced later this month, is set to test how antitrust enforcers will approach big deals under the administration of President Donald Trump, who is seen as pro-business but also ran a populist campaign aimed at the worries of ordinary Americans.

The Justice Department’s main concern is how the deal would affect competition in the U.S. mobile sector. Antitrust staff will want to let T-Mobile continue as it has done, aggressively wooing customers away from market leaders Verizon Communications Inc (VZ.N) and AT&T Inc (T.N), the people said.

T-Mobile touts itself as the fastest-growing U.S. wireless company, and its annual report lists enticements to attract customers like paying termination fees for new customers who leave their old company.

If combined, T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) would have more than half the market for pre-paid plans, favored by people with little or poor credit, which will likely figure in competition considerations.

“Losing that head-to-head competition could drive up prices for those on a more limited income,” said Gene Kimmelman, president of Public Knowledge, a consumer advocacy group.

Sprint and T-Mobile agreed on tentative terms on a plan to merge in late September, sources said.

But it is not clear the deal will be any more successful than three years ago, when Japan’s SoftBank Group Corp (9984.T), which controls Sprint, abandoned talks to acquire T-Mobile for Sprint in the face of opposition from U.S. antitrust regulators.

An informal poll of seven antitrust experts contacted by Reuters found them split between predicting that the deal would be stopped and saying they did not know if it would be allowed. A tiny fraction of deals are blocked.

As influential as the career staff is, the final decision will lie with Trump’s antitrust enforcer at the Justice Department, Makan Delrahim, and the Federal Communications Commission.

Deutsche Bank analysts said in a research note this week they were “very bearish on the prospects for deal approval,” citing not only regulatory risk, but also political opposition from Democrats to deals that could threaten U.S. consumers.

If the agencies decide to try to stop the merger, they have ammunition.

The U.S. wireless market is dominated by Verizon with about 146 million wireless customers and AT&T with nearly 135 million. T-Mobile is third with 71.5 million and Sprint is No. 4 with 58.5 million, according to Fierce Wireless, which collects and analyzes wireless market data. Together, the four have 98.8 percent of the U.S. wireless market.

T-Mobile dominates the prepaid market. Combining with Sprint would give it 56 percent of the market to provide wireless to people who tend to be poorer or have no or bad credit, according to John Fletcher, an analyst with S&P Global.

One point in the deal’s favor is that the mobile market is competitive. Between August 2016 and August 2017, wireless telephone services prices fell a stunning 13.2 percent, according to the U.S. Bureau of Labor Statistics.

“Chances are better now, meaningfully better,” that the deal will win approval, said Daniel Bitton, an antitrust attorney with Axinn, Veltrop and Harkrider.
visit this link T-Mobile, Sprint deal likely opposed by Justice Dept staff: sources
csmitty and 3 others gave props
 
ThRoWeD MaN LaN slapped this ish
 

42 comments for "US Justice Department Will Likely Oppose Sprint - T-Mobile Merger"

 9 months ago '05        #2
Y.G. 27 heat pts27
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$42,932 | Props total: 17458 17458
@ lost
86'd gave props
 
 9 months ago '04        #3
jumpman2304 25 heat pts25
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$15,217 | Props total: 6350 6350
saw this coming a million miles away..

memphis10 and 3 others gave props
 
 9 months ago '05        #4
Y.G. 27 heat pts27
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 Drgaylove said:
"As influential as the career staff is, the final decision will lie with Trump’s antitrust enforcer at the Justice Department, Makan Delrahim, and the Federal Communications Commission."

Keep holding that L
Who will make his decision based on the reporting from the staff. You lost.
 9 months ago '17        #5
Naga Sadow 7 heat pts
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$6,094 | Props total: 23284 23284
Good. I don't need Sprint's dead weight messing up my service.


Last edited by Naga Sadow; 10-13-2017 at 02:43 AM..
KREW and 8 others gave props
 
 9 months ago '04        #6
KREW 25 heat pts25
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$6,247 | Props total: 5244 5244
T-Mo better off on their own
Blockburner28 and 5 others gave props
 
 9 months ago '09        #7
K0ntrast 66 heat pts66
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$30,806 | Props total: 16361 16361
I initially asked if this was legal. Can't just corner the market like that. Although I am apart of tmobiles loyalty plan
 9 months ago '06        #8
servesurite 42 heat pts42
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t-mo doesnt need sprint at all
ceo-of-hucworld and 3 others gave props
 
Y.G. slapped this ish
 
 9 months ago '16        #9
Ravishing 50 heat pts50
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Please go through for my investment portfolio's sake.
TonyCartagena and 4 others gave props
 
 9 months ago '10        #10
deadlift 20 heat pts20
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$7,729 | Props total: 9669 9669
Didn't this happen before?
 9 months ago '17        #11
luckgocrazy 
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$2 | Props total: 1 1
tmo does need sprint. for spectrum only. when all the tmo customers find out that iphone x dont work all that great on that network you will see why the rushed to buy sprint
RevolverLuciana gave props
 
 9 months ago '06        #12
Blockburner28 67 heat pts67
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 luckgocrazy said:
tmo does need sprint. for spectrum only. when all the tmo customers find out that iphone x dont work all that great on that network you will see why the rushed to buy sprint
I doubt it work on Sprint network also
VinylDigga213 slapped this ish
 
 9 months ago '07        #13
JamcnPrettyboy 99 heat pts99
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Thank god
 9 months ago '05        #14
Y.G. 27 heat pts27
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 Drgaylove said:
Really kid wow. The Anti Trust guy has his own autonomy. Keep holding this L. You better switch to AT&T or Verizon because the deal will be done by the end of this month and finalize by the end of the year.

FYI no trump appointee ever goes against the wishes of Trump dummy. The DOJ staff are perment employees but their boss is a Trump appointee. Jesus christ you are a trump supporter and you are in denial of this
 Drgaylove said:
@RetardedY.g. @

"Normally, such a mammoth merger would be subject to close scrutiny from the FCC, but the new-look FCC under Trump appointee (and former Verizon lawyer) Ajit Pai has shown no signs of wanting to be tough on big business. It’s moved to strike down net neutrality rules, showed no interest in limiting the massive AT&T-Time Warner merger, and is generally viewed as being unlikely to stop a Sprint-T-Mobile merger."



Keep Holding that L

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kingpinz and 2 others slapped this ish
 
 9 months ago '17        #15
luckgocrazy 
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$2 | Props total: 1 1
Being on the inside of one of the two. It pretty much a done deal without them comming out and saying it. With all the bs going on in the world, that one will slip under yall noses. While NFL still taking a knee and locking arms. Stay woke.
 9 months ago '05        #16
Y.G. 27 heat pts27
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$42,932 | Props total: 17458 17458
 Drgaylove said:
Guess we know who had a hard time in college... how is them sprint stocks holding up last i saw was $7.15 YIKES!!!!!!
Not a shareholder of Sprint so I couldn't care less how the stock performs. I know Ethel cares how you perform when you're rubbing down her corns though, Mr. Male CNA.
 9 months ago '05        #17
Y.G. 27 heat pts27
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$42,932 | Props total: 17458 17458
 Drgaylove said:
You need Help Kid Go outside and get some sun you are the reason Dr recommend at least 15 minutes of Vitamin D per Day... imagine if you would use all this energy you use on bx in real life and actually go get a job, get your own house, etc you wouldnt hate your life as much

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 9 months ago '05        #18
Y.G. 27 heat pts27
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$42,932 | Props total: 17458 17458
 Drgaylove said:
As a person that owns his own house life is good brah.. you dont have to live with your parents forever...go get a job

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 9 months ago '17        #19
MeziaaeL 2 heat pts
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$437 | Props total: 1415 1415
God no!!!
 9 months ago '05        #20
Y.G. 27 heat pts27
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$42,932 | Props total: 17458 17458
 Drgaylove said:
Go get a job troll i will keep force feeding the truth to trolls


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