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Wednesday
Jun012011

Sprint Asks FCC to Block AT&T/T-Mobile Merger

AT&T(WASHINGTON) -- Sprint wants the Federal Communications Commission (FCC) to step in and put a stop to AT&T's proposed $39 billion acquisition of T-Mobile USA.

The wireless carrier announced Tuesday that it has formally put in a request with the FCC to block the transaction, which would merge the second and fourth largest wireless providers in the country and reduce market competition.

Sprint told the FCC that if the merger were to go forth, it would "harm the broadband economy, competition and consumers," as well as "innovation and investment."  Consumers would be left with fewer choices when choosing cellphone providers, which could result in higher prices for them, Sprint noted.

Furthermore, the transaction would bump up AT&T's power, making it and Verizon "the gatekeepers of the digital ecosystem, stifling innovation and choice in new devices and applications."

Copyright 2011 ABC News Radio

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