Publication Date:
Tue, 2011-03-29 23:16
Sprint, the nation’s third-largest wireless carrier, said the proposed $39 billion cash-and-stock deal would create a duopoly market for US wireless services dominated by AT &T and Verizon Wireless.
“On behalf of our customers, our industry and our country, Sprint will fight this attempt by AT &T to undo the progress of the past 25 years and create a new Ma Bell duopoly,” Sprint said in a statement.
The Justice Department and the Federal Communications Commission could take a year or longer to review the proposed transaction.
AT &T argues that the wireless industry would still be “intensely competitive” — with multiple players in most local markets — even with the combination.
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