Sprint Opposes Proposed AT&T Acquisition of T-Mobile USA

Sprint Nextel announced yesterday its opposition to AT&T’s proposed $39 billion takeover of T-Mobile USA.

The transaction, which requires the approval of the Department of Justice and the Federal Communications Commission, and will likely spark a host of hearings in the U.S. Congress, would reverse nearly three decades of actions by the U.S. government and the courts that modernized and opened U.S. communications markets to competition. The wireless industry has sparked unprecedented levels of competition, innovation, job creation and investment for the American economy, all of which could be undone by this transaction.