“Earlier today, AT&T terminated its definitive merger agreement with Deutsche Telekom to acquire T-Mobile USA. This is the right decision for consumers, competition and innovation in the wireless industry.
“From the beginning, Sprint has stood with consumers who spoke loudly and clearly that AT&T’s proposed takeover of T-Mobile would create an undeniable duopoly that would have resulted in higher prices, less innovation and fewer choices for the American consumer.
“Sprint commends the Department of Justice, the Federal Communications Commission and the bi-partisan group of state attorneys general who gave voice to the concerns of consumers across the country. We look forward to competing fiercely in the robust, competitive market that exists today and continuing to deliver the world class service and products that consumers have come to expect from Sprint.”
Sprint has opposed AT&T’s acquisition of T-Mobile from the beginning. The company even went as far to file a suit in September to attempt to block the deal, a suit it claimed to be “on behalf of consumers and competition.”
What do you think about AT&T and T-Mobile throwing in the towel on their merger? Do you think if the two companies were allowed to merge there would have been ” higher prices, less innovation and fewer choices for the American consumer?”