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

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 1 week ago '07        #1
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Jago 1012 heat pts1012
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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 Departmentís 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.

ďLosing that head-to-head competition could drive up prices for those on a more limited income,Ē 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 Japanís 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 Trumpís 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 ďvery bearish on the prospects for deal approval,Ē 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 dealís 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.

ďChances are better now, meaningfully better,Ē 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
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42 comments for "US Justice Department Will Likely Oppose Sprint - T-Mobile Merger"

 1 week ago '05        #2
Y.G. 27 heat pts27
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@ lost
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 1 week ago '04        #3
jumpman2304 24 heat pts24
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saw this coming a million miles away..

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 1 week ago '16        #4
Drlove 6 heat pts
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 Y.G. said:
@ lost
Too bad that ultimately it will be TRUMPS Anti-Trust cheif that gets to decide and what do you think he will say huh buddy o
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 1 week ago '16        #5
Drlove 6 heat pts
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 Y.G. said:
@ lost
"As influential as the career staff is, the final decision will lie with Trumpís antitrust enforcer at the Justice Department, Makan Delrahim, and the Federal Communications Commission."

Keep holding that L
messy marv stan and 1 others slapped this ish
 
 1 week ago '05        #6
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.
 1 week ago '17        #7
Naga Sadow 1 heat pts
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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..
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 1 week ago '04        #8
KREW 25 heat pts25
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T-Mo better off on their own
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 1 week ago '09        #9
K0ntrast 63 heat pts63
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I initially asked if this was legal. Can't just corner the market like that. Although I am apart of tmobiles loyalty plan
 1 week ago '06        #10
servesurite 42 heat pts42
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t-mo doesnt need sprint at all
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Y.G. slapped this ish
 
 1 week ago '16        #11
Ravishing 45 heat pts45
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Please go through for my investment portfolio's sake.
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 1 week ago '10        #12
deadlift 18 heat pts18
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Didn't this happen before?
 1 week ago '17        #13
luckgocrazy 
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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
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 1 week ago '06        #14
Blockburner28 64 heat pts64
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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
 
 1 week ago '07        #15
JamcnPrettyboy 96 heat pts96
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Thank god
 1 week ago '16        #16
Drlove 6 heat pts
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 Y.G. said:
Who will make his decision based on the reporting from the staff. You lost.
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
 1 week ago '16        #17
Drlove 6 heat pts
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@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
 1 week ago '05        #18
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. Itís 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

[pic - click to view]



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 1 week ago '17        #19
luckgocrazy 
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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.
 1 week ago '16        #20
Drlove 6 heat pts
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 Y.G. said:

[pic - click to view]



Guess we know who had a hard time in college... how is them sprint stocks holding up last i saw was $7.15 YIKES!!!!!!
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