AT&T and Sprint Trade Barbs Over T-Mobile Merger
Sprint CEO Dan Hesse has been a constant critic of the proposed AT&T/T-Mobile merger, hammering the deal as bad for competition and bad for consumers. However, Hesse said yesterday that he isn't an opponent of all telecom mergers, but believes that the Department of Justice would view an alternate merger pair -- such as T-Mobile and Sprint, perhaps -- very differently.
However, if such a hypothetical deal were reached, “You could make a very, very strong argument” that the antitrust regulators would approve it, Hesse said. He said the hypothetical combination of of two value players could allow a strong competitor to Verizon Wireless and AT&T.
AT&T's head lobbyist, Jim Cicconi, AT&T Senior Executive Vice President, External and Legislative Affairs had harsh words for Hesse in response:
Yesterday, the CEO of Sprint said the Department of Justice should block AT&T from merging with T-Mobile, but would have good reasons to instead allow Sprint to purchase them. For months Sprint has spoken disingenuously about their motives for opposing AT&T's merger with T-Mobile. Now, Mr. Hesse's public musings have made their motives much more clear. That they would act in their own economic interest is not surprising. That they would expect the United States Government to be a willing partner certainly is.
A federal judge set a mid-February 2012 trial date to hear the Department of Justice's arguments for blocking the merger, but denied Sprint's request to join the DoJ's suit.
Dan Hesse and Sprint have a poor track record regarding large mergers. When Sprint and Nextel merged in 2005, the companies said the value of the merged company would be $70 billion. Today, Sprint's market cap is just over $9 billion.
Sprint's stock price is down more than 80% since Dan Hesse took over as CEO in December 2007.
Popular Stories
It's now been a few months since the M1 Pro and M1 Max MacBook Pro models launched in October, and MacRumors video editor Dan Barbera has been using one of the new machines since they debuted. Over on the MacRumors YouTube channel, Dan has shared a three month review of his MacBook Pro to see how it has held up over time and how it's changed his workflow.
Subscribe to the MacRumors YouTube ...
Apple suppliers will begin producing display panels for the third-generation iPhone SE this month, with final assembly of the device likely to start in March, according to information shared by display industry consultant Ross Young.
Based on this production timeframe, Young believes the third-generation iPhone SE is likely to launch in the second half of April, or perhaps in early May at...
Apple today released a new 4C170 firmware update for the AirPods 3, an update from the prior 4C165 that was made available in December.
Apple does not offer details on what's included in new firmware updates for the AirPods, so we don't know what improvements or bug fixes the new firmware brings.
There is no standard way to upgrade the AirPods software, but firmware is...
Apple today filed unreleased iPhone and iPad models in the Eurasian Economic Commission database, as spotted by French blog Consomac.
The filings likely represent the rumored third-generation iPhone SE, fifth-generation iPad Air, and potentially more. The unreleased iPhone models have the identifiers A2595, A2783, and A2784, while the unreleased iPad models have the identifiers A2588, A2589, ...
Verizon and AT&T's upcoming rollout of new C-Band 5G technology could cause chaos and lead to widespread delays of passenger and cargo flights, major U.S. airlines said on Monday in a letter sent to the White House National Economic Council, the FAA, and the FCC (via Reuters).
"Unless our major hubs are cleared to fly, the vast majority of the traveling and shipping public will essentially...
Microsoft has released a new version of its Office for Mac productivity suite that includes an updated Excel app with 100% native support for Apple silicon machines.
According to the release notes accompanying version 16.57, Excel will now run natively on Macs powered by Apple's M1-series processors without having to use the Rosetta 2 translation layer, which means anyone using a Mac with an ...
Wednesday January 19, 2022 2:22 am PST by
Sami FathiApple is now requiring that customers in the United States verify that they're active students, teachers, or staff members at an educational institution in order to access education discounts on products.
Previously, little verification was needed for customers to purchase products through Apple's education store in the United States. Apple's education stores offer models of the iPad and Mac ...
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst.
Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
Apple's long-rumored under-display Face ID technology will not be coming to the iPhone 14 Pro, according to recent reports.
Based on the latest rumors, it now looks unlikely that the 6.1-inch iPhone 14 Pro and 6.7-inch iPhone 14 Pro Max will feature Face ID technology under the display as several reports claimed over the past year.
Display industry consultant Ross Young, who often reveals ...
Top Rated Comments
In a world where three cell phone companies are in love...
Data Prices are STILL ridiculous
Starring that guy from "The Social Network" as Sprint, Brett Favre as AT&T who just constantly teases to buy T-Mobile, and the "Can you hear me now?" guy as Verizon
On the internet in December 2012
*active 10gb data plan required
Can anyone say duopoly?
to anyone who seriously thinks the end user will benefit from a AT&T/T-Mobile merger is laughable. consumers will lose, and corporations and their top tiered executives will win.
A Sprint-T-Mobile merger would do the same thing. One less choice for consumers, and a value priced carrier is eliminated. Then the succeeding company could raise their prices, not to that of AT&T and Verizon but still higher than they currently are.
Hesse's argument is a red herring. Whether it's AT&T or Sprint who is buying T-Mobile, there will be the same end result.
That being said, AT&T is a much better match. Sprint is still integrating Nextel. Adding a whole new technology to the mix would be a disaster.
Why on earth would that be a reason for anything? Even a joke?
Dan Hesse must have this poster hung over his desk...