T-Mobile/Sprint Economists Update FCC on Data; Sprint Chief Meets All Commissioners
T-Mobile and Sprint said economists Mark Israel, Michael Katz and Bryan Keating presented updated economic data to the FCC transaction team reviewing their deal. The economists offered numbers for 2019 and 2020, said a filing posted Tuesday in docket 18-197.…
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“Consumers benefit from the merger in each and every year from 2019 through the foreseeable future, with a net present value for consumers of $359 billion, which corresponds to gains of $1,036 per subscriber.” Staffers for both companies and lawyers working on the deal attended. Meanwhile, Sprint CEO Michel Combes and other staff met all five commissioners. “Sprint’s representatives discussed the financial, network, and scale challenges Sprint faces, how the proposed merger would address those challenges as well as spur competition, and the deployment of 5G in the United States,” Sprint said. T-Mobile John Legere blogged Wednesday on how the deal will be good for competition. It "will make wireless and in-home broadband MUCH more competitive because we will finally have the scale and capacity to challenge the entrenched Big Guys like never before and break into new opportunities to benefit consumers," Legere wrote. "We’ve already been kicking their butts in what has been a pretty unfair fight to date… imagine what we will do when the playing field is better balanced.”