The Justice Department met Friday with the founder of Boost Mobile to discuss his views for how to set up a new wireless competitor that would resolve the US’s concerns about T-Mobile’s proposed acquisition of Sprint, reported Bloomberg.
Peter Adderton, who’s interested in bidding for the prepaid wireless brand now owned by Sprint, said in an interview that he outlined steps the department’s antitrust division needs to take to ensure Boost can be a successful competitor in the market.
T-Mobile and Sprint are in talks with the Justice Department about structuring an antitrust settlement that would allow their $26.5 billion deal to proceed. The carriers have won backing from the chairman of the Federal Communications Commission after they agreed to sell Sprint’s Boost prepaid brand, build an advanced 5G network over three years, and pledge not to raise prices while the network is being constructed.
Full Content: Bloomberg
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