US wireless carrier Sprint has sounded the battle drums by opposing AT&T’s proposed $39 billion acquisition of T-Mobile USA.
The company said that the acquisition would have adverse impact on competition in the US communications market.
The acquisition will be required to pass inspections from the US Department of Justice and the Federal Communications Commission before AT&T goes ahead with it. AT&T recently applied to the FCC for transferring spectrum licenses.
Sprint argued that as AT&T and Verizon already have the largest share in the US wireless communications market, AT&T’s acquisition of T-Mobile will create a company that is three times the size of Sprint in terms of wireless revenue.
According to the company, the acquisition, if allowed to take place will have adverse effects on competition, job creation, innovation and investment in the US communications market.
“This transaction will harm consumers and harm competition at a time when this country can least afford it. As the first national carrier to roll out 4G services and handsets and the carrier that brought simple unlimited pricing to the marketplace, Sprint stands ready to compete in a truly dynamic marketplace,” Vonya McCann, senior vice president, Government Affairs at Sprint said in a statement.