Sprint pleads to the FCC to block AT&T – T-Mobile merger
Taking its efforts to prevent the merger from happening to the next level, Sprint has now officially pleaded to the FCC asking it to block T-Mobile's acquisition from AT&T. In its statement, Sprint once again points out that if both companies merge, the resulting entity will cover 43% of the nation's wireless subscribers with Verizon providing for another 39% of the market. The potential duopoly might very well hurt fair competition amongst carriers and cause a rise in service costs because practically, two companies will have control over every 8 out of 10 subscribers.
If the merger gets approved by the FCC, Sprint is very likely to become the underdog of wireless carriers with a market share far behind that of the leading duo – AT&T and Verizon. However, until we hear the commission's final word, we are not expecting to see the number three national carrier to give up without a fight.
source: The Wall Street Journal via Boy Genius Report