The Latest: Democrats question T-Mobile-Sprint merger deal

ABC News | 4/30/2018 | Staff
jenny124124 (Posted by) Level 3
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The Latest on T-Mobile-Sprint merger hearing (all times local):

11:05 a.m.

Lawmakers - Pledge - T-Mobile - Sprint - Prices

Democratic lawmakers are challenging a pledge by T-Mobile and Sprint not to raise prices or hurt competition if their $26.5 billion merger goes through.

The deal would combine the nation's third- and fourth-largest wireless companies and create a behemoth roughly the size of industry giants Verizon and AT&T. The House Energy and Commerce Committee doesn't have authority to rule on the merger, but members are able to use the forum to ask pointed questions.

Committee - Chairman - Rep - Frank - Pallone

The committee's chairman, Rep. Frank Pallone of New Jersey, wonders, "How can we be sure that consumers who can least afford to pay more are not harmed by the merger?"

T-Mobile says it won't raise prices for three years, but Pallone says he's not sure that Trump administration regulators are willing...
(Excerpt) Read more at: ABC News
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