Something fishy seems to be going on in the US wireless market. The internet has suddenly become home to speculations about the possibility of merger talks between Sprint and T-Mobile. These rumours making the rounds on the internet are causing butterflies in the stomach of phone service users and consumer advocates. Some industry experts are declaring it as the only way for both Sprint and T-Mobile to be able to compete against Verizon Wireless and AT&T.
How This Deal Could be Possible
It’s the second attempt of Sprint to buy its rival after failing in 2014. The credit goes to the immense pressure from the FCC (Federal Communication Commissions). However, this deal now could easily be possible under the Trump Administration as per Wall Street and Consumer Advocate.
Trump’s Meeting with Masayoshi Son Fueled Such Speculations:
President-elect Donald Trump’s meeting with Masayoshi Son, the Chief Executive Officer of Sprint’s parent company, fueled these speculations. Both of them were looking satisfied after the meeting as they made the announcement of a $50 billion deal by SoftBank in the United States. SoftBank had paid the amount of more than $20 billion for Sprint INC. in the year 2012. Sprint ran after T-Mobile. The FCC had to intervene and block this deal. Now Masayoshi Son has again expressed his interest in T-Mobile in 2016. Albeit, nothing has been officially said/announced in this regard.
Phone Service Subscribers Also Say Something:
Consumer advocates are totally skeptical at the consolidation. This is very much true about the market that is full with phone service providers like Verizon Wireless, Sprint, T-Mobile and AT&T trying to outcompete their rivals fiercely on market front.
Former FCC Chairman Calls it Against the Interests of Consumers
“Having four providers has been a boon for investment, consumers, and the public interest,” says Mr. Michael Copps, Former FCC Chairman from 2001 to 2011. According to him, allowing two of the topmost phone service providers in United States combine is like moving in the wrong direction. This is only going to increase the burden of cost on consumers and leave them less choice. He is not in favor of the Sprint and T-Mobile merger.
Most of Users Also Agree:
Even customers are of the same view. Many of them were asked in regard to a potential merger between T-Mobile and Sprint on Facebook. Most of the customers openly praised T-Mobile for their excellent quality of phone service. On the other hand, customers lambasted Sprint’s services. Some of them even talked about leaving T-Mobile if it is bought by Sprint INC.
Final Words:
T-Mobile is about to secure first place ahead of industry leaders like Verizon Wireless and AT&T, leaving them behind convincingly. However, not all of the things or industry experts are negative about this potential merger between T-Mobile and Sprint INC. It is too early to say for sure how this will turn out as the Trump administration takes over the reins from the Obama administration.
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