Promises Mean Little for Consumers in T-Mobile-Sprint Deal
LAST WEEK T-MOBILE and Sprint, two of the four nationwide mobile wireless network operators, agreed to merge in a deal valued at $26.5 billion. Not surprisingly, the companies are making a lot of promises to gain the support of both the Federal Communications Commission and the Department of Justice, both of which must approve the merger. But consumers should not be fooled. The proposition here is simple: This deal will shrink the market for nationwide mobile wireless service from four players to three, giving consumers fewer choices and increasing the likelihood that prices will be higher and service offerings will be less consumer-friendly.
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