Sprint Still Furious Over AT&T Acquisition
CEO of Sprint, Dan Hesse (pictured) took a stand against AT&T’s recent merge with T-Mobile. Sprint, along with many other people feel that this recent merging will undo three decades of actions by the United States government that modernized and sparked wireless competition. If the deal is approved, which it would likely be, AT&T will be three times the size of Sprint. Sprint is urging the U.S. government to block this acquisition.
SVP of Government Affairs, Vonya McCann said “This transaction will harm consumers and harm competition at a time when this country can least afford it. As the first national carrier to roll out 4G services and handsets and the carrier that brought simple unlimited pricing to the marketplace, Sprint stands ready to compete in a truly dynamic marketplace. So on behalf of our customers, our industry and our country, Sprint will fight this attempt by AT&T to undo the progress of the past 25 years and create a new Ma Bell duopoly.”
According to Tech Trader Daily, Jamie Townsend of Town Hall Research wrote, “We believe that Verizon will eventually decide to purchase Sprint and that Sprint will recognize that such a move will be in the best interests of its shareholders.” He goes further to say that Verizon will want to push a regulatory review of AT&T’s business. He also doesn’t think a Sprint takeover will happen in the near future (the next two years). Interestingly enough, Sprint shares rose today by 2% to $4.78 a share.