The T-Mobile-Sprint merger is a dizzying deal for regulators
Executives from T-Mobile and Sprint sat before a House of Representatives panel for the first time yesterday hoping to convince the lawmakers that their proposed merger would be a net positive for the telecom industry, rural communities, and the economy.
John Legere, T-Mobile’s CEO and the face of the entire company, has spent the last few weeks making a slew of different promises in order to schmooze regulators and lawmakers into approving the $26 billion proposal. Many of those same promises were repeated before the Energy and Commerce Committee panel that was called to probe the executives yesterday, despite the body not having any real power over whether the merger is eventually approved.
Throughout the hearing, Legere assured...