US: House committees to hold joint hearing on T-Mobile-Sprint merger

CPI
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Two US House panels will hold a joint hearing on Feb. 13 on T-Mobile US and Sprint proposed $26 billion merger and its potential impact on consumers, The Hill reported.

The House Energy and Commerce Committee and the Judiciary Committee will hold a joint hearing to “examine the merger’s potential impacts on consumers, workers and the wireless industry,” the committees said in a statement on Monday. Both T-Mobile Chief Executive John Legere and Sprint Chairman Marcelo Claure have agreed to testify.

“A merger between T-Mobile and Sprint would combine two of the four largest wireless carriers and the carriers with the largest numbers of low-income customers. As the Committees with oversight of the Federal Communications Commission and Department of Justice, we must hold this hearing to examine the effects on important issues like jobs, costs to consumers, innovation and competition,” they wrote.

“We look forward to examining this merger from the perspective of what is in the best interest of consumers and hardworking people,” they added in the statement.

The statement was also signed by Reps. Mike Doyle (D-Pa.) and David Cicilline (D-R.I.), the chairmen of the Energy and Commerce Subcommittee on Communications and Technology and the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law, respectively.

Full Content: The Hill

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