July 26, 2019. Statement by Tower Genius LLC, regarding T-Mobile Sprint merger.
The Wall Street Journal and other media sources have reported today that the US Justice Department approved the merger between T-Mobile and Sprint.
Kevin Donohue, a Managing Partner at Tower Genius weighed in on the matter, "this is good for the executives at Sprint and T-Mobile, as well as the fat cats on Wall Street who brokered this merger, but it is a complete disaster for fostering competition in the wireless industry."
He went on to say, "if anybody wants clear proof that this deal will stifle competition, all they need to do is look at the news stories regarding the delays of the merger being caused by T-Mobile and Deutsche Telekom trying to limit DISH's ability to sell their telecom assets or merge with major technology companies such as Google. We're extremely happy that the various states opposing the merger are still pursuing litigation to overturn this decision, and that there were better paths to financial stability and being more competitive if Sprint and T-Mobile remained separate and instead pursued partnering with major tech firms who are cash heavy and work with them to provide innovation, so they could complete with Verizon and AT&T."
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