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T-Mobile's Legere, Sprint's Claure to talk merger in front of Congress on Wednesday

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T-Mobile's Legere, Sprint's Claure to talk merger in front of Congress on Wednesday
T-Mobile president and CEO John Legere and Sprint executive chairman Marcelo Claure will be testifying about the proposed T-Mobile-Sprint merger this Wednesday. The pair will be under oath in front of a panel of U.S. Senators that deal with anti-trust issues and competition. Claure disseminated a tweet this morning that said he was looking forward to testifying about the benefits of a T-Mobile-Sprint merger, including true nationwide mobile 5G.

For the deal to close, it must obtain the blessings of both the FCC and the Department of Justice. Analysts have given the deal a 50-50 chance of gaining DOJ approval. Both Legere and Claure will try to sway Congress, the FCC and the DOJ by telling them that a T-Mobile purchase of Sprint is the only way to guarantee U.S. leadership in developing the next-generation of wireless connectivity. This game plan has been evident since the announcement of the long-rumored deal back on April 30th.

Considering that AT&T was just allowed to go through with its $85 billion purchase of Time Warner, the $26 billion T-Mobile-Sprint deal might have a better shot at success than the analysts think. In addition, earlier this month the head of the DOJ's antitrust division, Makan Delrahim, said that there is no reason why the U.S. needs to have four major wireless carriers.


You can watch John Legere and Marcelo Claure give their testimony in front of the Senate Subcommittee on Antitrust, Competition Policy, and Consumer Rights through a live stream offered by the U.S. Senate. The stream will begin Wednesday, June 27th at 2:30pm EDT. It can be viewed by clicking on this link.

source: KansasCityStar

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