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Sprint, T-Mobile Merger Killed Wireless Price Competition in U.S.
Before T-Mobile acquired Sprint, activists, consumer groups, and deal critics (including me) warned repeatedly that the telecom sector megadeal would result in layoffs, less competition, higher pri…
Before T-Mobile acquired Sprint, activists, consumer groups, and deal critics ( including me) warned repeatedly that the telecom sector megadeal would result in layoffs, less competition, higher prices, and a lower quality product overall. T-Mobile CEO John Legere, famous for wearing magenta high tops and occasionally saying “fuck,” called deal critics liars, insisting that the combination of the fourth and third biggest carrier would result in lower prices, bold new innovations, untold new synergies, and would be “ jobs positive from day one.” Before the merger, deal critics repeatedly pointed out that in every single country where regulators allowed a consolidation from four to three wireless carriers, it effectively stopped price competition dead in its tracks.
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