Mobile promises the Sprint merger won't drive up prices… for now

T-Mobile tells FCC that if Sprint deal closes, prices won't rise for at least three years

T-Mobile CEO promises the same or better prices following Sprint Merger - news

The $26 billion merger would eliminate price increases for three years if approved. But having served for almost a decade on the commission, Clyburn knows all the ins and outs of the agency and how it approaches merger reviews, making her experience invaluable to T-Mobile as it tries to persuade the FCC and the Justice Department to bless its acquisition. T-Mobile CEO John Legere has sent a letter to the agency to address the concerns surrounding the deal. The company also thinks that all wireless consumers would be better off after the merger as AT&T and Verizon would most likely reduce prices also to remain competitive. It is undergoing an antitrust review by the Justice Department and the FCC must decide that the transaction is in the public interest. The third and fourth largest wireless providers in the US say that joining forces would allow them to roll out the next generation of wireless networks more quickly and compete better with the top players AT&T and Verizon.

"New T-Mobile's commitment to bridging the digital divide is further illustrated by its pledge to continue supporting Sprint's signature corporate philanthropy - the 1Million Project", T-Mobile said in its filing with the Public Service Commission of NY. However, critics argue that not only would the proposed merger result in reduced competition and consequently higher prices, it may also lead to unemployment. I want to assure you that we would never do this.

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The 4Competition group includes some telecom unions like the Communications Workers of America, which fear job losses from the merger, as well as more direct rivals like Dish Network (dish) and Cspire. Ostensibly, customers signing up with the new T-Mobile if and when the merger goes through would pay no more than this until at least 2022.

Shares of T-Mobile, which have risen 9% over the past year, gained 1% in after hours trading.

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