A total of 14 organizations recently sent a letter to Congress saying that the T-Mobile Sprint merger should be blocked.
The concerns range from job losses, it being an anti-competitive and anti-consumer deal, to even incentivizing Verizon, AT&T, and the new T-Mobile to “collude.”
After T-Mobile and Sprint shifted their arguments for why the merger would be beneficial, and this latest barrage of concerns from 14 organizations, the odds of it happening seem to be diminishing.
This quote from The Washington Post says it all: “The general view on Wall Street is that as a result of this deal, there are likely to be job cuts and prices are likely to rise,” he said.
Check It Out: Consumer Groups Want to Block T-Mobile Sprint Merger