T-Mobile, Sprint lobby regulators to win U.S. approval for tie-up
WASHINGTON (Reuters) - Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to "aggressively lower prices." T-Mobile US Chief Executive John Legere, Sprint executive chairman Marcelo Claure, T-Mobile US chief operating officer Michael Sievert, and other senior executives met with Federal Communications Commissioner Jessica Rosenworcel on Thursday, according to a federal filing on Monday. In a presentation made public on Monday, the firms said they would "focus on taking share from Verizon and AT&T through lower prices." If completed, the $26 billion merger would create a carrier with 127 million customers that would be a formidable competitor to the No.1 and No.2 wireless players, Verizon Communications Inc and AT&T, respectively. Consumer advocates warn the deal will reduce the number of national wireless carriers to three from four. Sources told Reuters last week that the Justice Department had concerns about the merger in its current structure.
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