Published: Thu, October 17, 2019
Electronics | By Kelly Massey

Sprint-T-Mobile Merger Gains FCC Approval, But AG Lawsuit Remains Obstacle

Sprint-T-Mobile Merger Gains FCC Approval, But AG Lawsuit Remains Obstacle

The FCC Wednesday approved the $26.5 billion merger of T-Moble and Sprint.

Although the FCC has telegraphed its approval of the Sprint and T-Mobile merger, that doesn't mean there isn't dissent within the agency.

The two Democrats on the FCC voted against the merger but their objections weren't enough to sway their Republican colleagues.

One of the Democratic commissioners, Jessica Rosenworcel, expressed her disapproval in an op-ed for The Atlantic today.

Netflix misses mark on subscribers again as Disney and Apple loom
Owing to that, Netflix will be able to invest more in Indian original content such as Sacred Games and Bard of Blood, it added. Netflix added 6.77 million paid subscribers globally, which was slightly better than analysts' estimates.

"We've all seen what happens when markets become more concentrated after a merger like this one ..."

It's official: the FCC has approved the merger of telecom giants Sprint and T-Mobile, a move that evens the playfield against juggernauts Verizon and AT&T, but critics say reduces competition and opens the door to anti-consumer behavior. The lawsuit is being led by Attorney General Letitia James from NY, with the main point of contention being that the merger would result in "irreparable harm to mobile subscribers nationwide by cutting access to affordable, reliable wireless service for millions of Americans". In the pharmaceutical business, it prompted a bunch of medication organizations raising the costs of lifesaving drugs. Republican commissioner Carr weighed in on Twitter, though, saying the merger will create "a stronger third competitor" and ensure that "99% of Americans will get 5G on an accelerated basis".

"The votes are IN and we're one step closer to bringing New T-Mobile to American consumers". That incorporates backups Boost Mobile and Virgin Mobile. A gathering of seven market analysts contended in a documenting to the DOJ that the organization's arrangement including Dish won't balance the merger's anticompetitive impacts.

"I$3 f the substantial and acknowledged competitive problems with this four-to-three merger are remedied by this strategy of re-arranging some assets, negotiating some contracts, and then hoping for the best some years down the road, it is unclear what merger would not be salvageable with the same scheme", the economists wrote.

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