WEDNESDAY ¨C T-Mobile US Inc.¡¯s proposed $26.5 billion purchase of Sprint Corp. came under congressional scrutiny for the second time in as many months, with Democrats warning that the merger between two of the nation¡¯s top four carriers could lead to higher prices for consumers.
¡°I¡¯m deeply skeptical that consolidation is the path forward¡± to lower prices and more competition, said Rep. David Cicilline, of Rhode Island, the Democratic chairman of the House antitrust subcommittee, as he opened the panel¡¯s hearing Tuesday.
T-Mobile Chief Executive Officer John Legere and Sprint Executive Chairman Marcelo Claure appeared before the panel to defend their bid to combine the third- and fourth-largest U.S. wireless carriers. The companies say that together they could build an advanced 5G network, and form a stronger competitor to mobile leaders AT&T Inc. and Verizon Communications Inc.
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