Mobile hires former FCC commissioner Clyburn to help lobby for Sprint merger

Mobile hires former FCC commissioner Clyburn to help lobby for Sprint merger

T-Mobile posted preliminary results for Q4 2018 last month and the final results for the end-of-year quarter remain unchanged. If approved by regulators, the $26 billion deal would combine the nation's third and fourth-largest carriers.

A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. At $640 million - or $0.75 per share - T-Mobile profits still came in ahead of analyst expectations. "Today's news makes clear that T-Mobile knows that its merger is in trouble".

Due to subcommittee scheduling issues, T-Mobile's John Legere and Sprint's Marcelo Claure will appear before the House Communications Subcommittee next Wednesday, Feb. 13 at 10 a.m., and then appear the next day at the same time before the House Judiciary Antitrust Subcommittee. For the full year, T-Mobile's net profits declined 36 percent to $2.9 billion - or $3.36 per share. T-Mobile and Sprint will also need approval from the Justice Department to move forward with the merger. I want to assure you that we would never do this. "American consumers will benefit from a nationwide 5G network that is both broad and deep, and we can't wait to get started", he said.

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"Critics of our merger, largely employed by Big Telco and Big Cable, have principally argued that we are going to raise rates right after the merger closes", says Legere. The hearing is set for February 13, and both Legere and Sprint Chairman Marcelo Claure have agreed to testify. Today, the unconventional executive told the FCC in a letter (via TmoNews) that prices will not go up if T-Mobile and Sprint get the thumbs up to combine. Together, the two companies could "to react, invest and compete harder and that will be good for consumers and innovation", he said.

Some analysts say the fact that T-Mobile felt compelled to offer a price freeze is evidence that ordinary market pressures would encourage the combined company to raise prices. Monroe County has already contacted T-Mobile to offer our unique workforce development programming, like LadderzUp and Recruiting on the Road, to help link our residents to the company's new jobs here.

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