Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

T-Mobile CEO defends Sprint deal in Congress

Video Credit: Reuters Studio - Duration: 02:17s - Published < > Embed
T-Mobile CEO defends Sprint deal in Congress

T-Mobile CEO defends Sprint deal in Congress

T-Mobile Chief Executive John Legere defended his company’s $26 billion deal to buy rival wireless carrier Sprint in Congress on Wednesday, stressing the jobs it will create and how it will benefit construction of the next generation of wireless networks.

0
shares
ShareTweetSavePostSend
 

T-Mobile CEO defends Sprint deal in Congress

"Our critics are wrong about the impact on jobs." T-Mobile CEO John Legere on Wednesday argued before a House panel that his bid to buy Sprint will create jobs -- pushing back against unions, consumer advocates and presidential hopefuls, who say the proposed merger would hurt workers and competition, and raise consumer prices.

"Our opponents are wrong when they claim the merger will lead to higher prices.

New T-Mobile will have the capital, the scale and the network to supercharge competition, unleashing significant benefits for consumers, that includes keeping prices low." But a policy attorney at the consumer group Public Knowledge wasn't having it.

"The companies insist that this merger is about competing with cable companies.

Don't buy it.

We've heard this before." Avoiding a potential partisan confrontation, the senior lawmakers on the panel did not ask Legere about recent revelations that he and other T-Mobile executives have ben frequent guests a President Trump's hotel in Washington D.C.

Ethics watchdogs suggested it may have been a way of "currying favor" with the Trump administration.

The $26 billion deal to tie up the No.

3 and No.

4 U.S. wireless carriers was struck in April.

It's received national security clearance, but still needs approval from the Department of Justice and the FCC.

This week, eight Democratic senators and independent senator Bernie Sanders urged those government agencies to reject the deal, saying it's likely to raise monthly wireless bills, cause job losses and undermine innovation.

The group included confirmed 2020 candidates Amy Klobuchar, Kirsten Gillibrand, Elizabeth Warren and Cory Booker.

Legere pushed back against those lawmakers' objections.

He also pledged to create 5G without using networking equipment from Chinese telecomm giants Huawei or ZTE, companies distrusted by U.S. national security experts.




You Might Like


Recent related videos from verified sources

Justice staff recommends blocking Sprint-T-Mobile deal [Video]Justice staff recommends blocking Sprint-T-Mobile deal

Staff at the Justice Department's antitrust division recommends the agency block T-Mobile US' $26 billion acquisition of Sprint, according to sources. Fred Katayama reports.

Credit: Reuters - Business (Amazon FireT     Duration: 01:12Published

U.S. Justice Department Staff Recommends Blocking T-Mobile-Sprint Deal [Video]U.S. Justice Department Staff Recommends Blocking T-Mobile-Sprint Deal

The U.S. Justice Department’s antitrust division staff has reportedly recommended the agency file a lawsuit to block T-Mobile’s $26 billion acquisition of Sprint. The final decision on whether..

Credit: Wochit     Duration: 00:46Published

FCC approves T-Mobile's deal for Sprint [Video]FCC approves T-Mobile's deal for Sprint

Mobile phone company T-Mobile's $26 billion acquisition of rival Sprint appeared to win the support of a majority of the Federal Communications Commission on Monday, which is a significant step toward..

Credit: Rumble     Duration: 00:32Published

FCC Approves T-Mobile's Deal For Sprint [Video]FCC Approves T-Mobile's Deal For Sprint

Mobile phone company T-Mobile's $26 billion acquisition of rival Sprint appeared to win the support of a majority of the Federal Communications Commission on Monday, which is a significant step toward..

Credit: Wochit     Duration: 00:32Published

FCC chairman voices support of Sprint, T-Mobile merger [Video]FCC chairman voices support of Sprint, T-Mobile merger

A key federal regulator says he plans to approve wireless carrier T-Mobile&apos;s $26.5 billion takeover of rival Sprint, a crucial step for the deal&apos;s approval.

Credit: Rumble     Duration: 01:13Published

Sprint and T-Mobile to announce merger deal [Video]Sprint and T-Mobile to announce merger deal

Sprint And T-Mobile To Announce Merger Deal

Credit: Rumble     Duration: 00:42Published

Sprint And T-Mobile To Announce Merger Deal [Video]Sprint And T-Mobile To Announce Merger Deal

Sprint And T-Mobile To Announce Merger Deal

Credit: Wochit Tech     Duration: 00:41Published

Groups Urges FCC To Stop The T-Mobile/Sprint Merger [Video]Groups Urges FCC To Stop The T-Mobile/Sprint Merger

According to a report by Broadcasting & Cable, opponents of the T-Mobile-Sprint merger claim that it's in the public interest for the companies to not solidify the deal, and urged the FCC not to..

Credit: Wochit     Duration: 00:45Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.