Reporting from Washington— Sprint Nextel Corp. urged federal regulators to block a proposed acquisition that would create the nation’s largest wireless carrier and leave two competitors in control of 75% of all cellphone subscriptions.
AT&T Inc.’s proposed $39-billion purchase of T-Mobile USA Inc. would be an “anticompetitive acquisition,” Sprint said in a statement Monday.
If the deal goes through, Sprint, the nation's fourth-largest wireless carrier, would find itself a distant third, behind Verizon Wireless and a much larger AT&T.
Full Story: Spring opposes AT&T-T-Mobile deal: Sprint urges U.S. to block merger of AT&T and T-Mobile – latimes.com