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There's a lot of talk about the acquisitions going on between AT&T, Sprint and T-Mobile. Now, Sprint is starting to show their concern as Dan Hesse, CEO of Sprint, has voiced that if AT&T acquires T-Mobile, then that would leave 79% of the country's wireless subscribes with 2 carriers. This would indeed give AT&T the upper hand and the power over the two companies, especially since AT&T has become the only nationwide GSM carrier.
It was not long for Sprint’s shares to drop, as ever since the news came out about the acquisitions, (less than a week) Sprint's shares dropped 14%, and this was only on the day after of the news.
The executive vice president of AT&T, Jim Cicconi, had this to say in regards to Dan Hesse's concerns:
We understand Sprint has concerns, and we’ll be happy to address any they present, whether at the Justice Department, the FCC or the Congress. We feel we have good and compelling answers. And we feel policymakers will readily understand that any company with whom AT&T competes may not be especially positive about anything which makes AT&T a better competitor in the wireless market.
via: Sprint to Battle Proposed AT&T / T-Mobile Merger (Phone Scoop)
› See More: Sprint is concerned with AT&T's acquisition of T-Mobile
- 04-01-2011, 03:05 AM #2
Re: Sprint is concerned with AT&T's acquisition of T-Mobile
Ugh. I'm with T-Mobile now, and have been waffling trying to figure out which carrier to switch too (knowing I'll have to pay a hefty deposit doesn't help is the main reason I've been waffling). But AT&T was never one of the options, just Verizon and Sprint. I have no idea what Sprint can do to combat that...well, short of absorbing Cricket and MetroPCS, I guess.
So with T-Mobile out the picture, that would leave Sprint, Verizon, and AT&T, but Sprint has no overseas pull, hence the CEO trying to fight the merger. Hmmm...
- 04-05-2011, 09:11 AM #3
Re: Sprint is concerned with AT&T's acquisition of T-Mobile
The Over all effect on the economy will be bad. T-mobile phone's will be discontinued. Shutting down manufacturing plant's. That will effect fed ex, ups, ect. Can't deliver phones or accessories that are not manufactured any more. T-mobile stores & call centers wil be closed. Putting thousands out of work. Besides no pay, they lose benefits also. No health insurance.
my wings are broke, so I'll be riding my broom stick for awhile.
- 04-07-2011, 01:28 AM #4
Re: Sprint is concerned with AT&T's acquisition of T-Mobile
that sounds like a doomsday scenario. Do you think AT&T will do to T-Mobile what Verizon did to Alltel, shut down all the stores they absorbed or make them AT&T stores?
First chance I get I'm going to Boost. What's funny is that long-coming decision had nothing to do with the merger and everything to do with the Samsung Galaxy Prevail. Only thing the merger is doing is putting a time table on it. Something gonna have to happen by the first week or second week of May, I can tell you that much.
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