Sprint to fight AT&T's buyout of T-Mobile

28.03.2011

"The wireless industry moving forward would be dominated overwhelmingly by two vertically integrated companies with unprecedented control over the U.S. wireless postpaid market, as well as the availability and price of key inputs, such as backhaul and access needed by other wireless companies to operate," Sprint said.

Sprint CEO Dan Hesse , during a keynote session at the CTIA Wireless trade show in Orlando last Tuesday. The statement released Monday formally sets the company on a course to try to block the deal. Just as AT&T and make mobile broadband available to more Americans, Sprint invoked the national interest in calling for the deal to be blocked. Sprint said it expects the plan to be the subject of multiple congressional hearings.

"The wireless industry has sparked unprecedented levels of competition, innovation, job creation and investment for the American economy, all of which could be undone by this transaction," Sprint said.

The IDG News Service