- cross-posted to:
- hackernews@lemmy.smeargle.fans
- cross-posted to:
- hackernews@lemmy.smeargle.fans
Before T-Mobile acquired Sprint, activists, consumer groups, and deal critics (including me) warned repeatedly that the telecom sector megadeal would result in layoffs, less competition, higher prices, and a lower quality product overall. The Trump FCC and DOJ very clearly didn’t care; they rubber stamped the deal without even reading deal impact reports.
The merger is the only thing keeping both T-Mobile and Sprint afloat. Verizon, AT&T and congress killed price competition. Blame them, lol
Honestly, the government should assume ownership of towers and reclaim all spectrum licenses. There we go. All networks are now equal. No exclusive bands. Compete on price or perish.
Fr, I always remember seeing phrases along the lines of “T-Mobile, a distant third competitor” all the time and sprint was literally on the verge of bankruptcy. If you think sprint merging with T-Mobile was bad, just imagine what it would be like if they had just gone bankrupt and AT&T/Verizon swopped in and bought large chunks of them for pennies on the dollar.
Remember, AT&T was against the deal and was part of a lawsuit to block it IIRC, so on that reason alone people should have supported the deal because any move AT&T figures is good for them is probably bad for people.
Yep, the US went from a duopoly (if that), to a triopoly.
T-mobile has been profitable every single year since 2013. Well before the merger.
https://www.macrotrends.net/stocks/charts/TMUS/t-mobile-us/eps-earnings-per-share-diluted#:~:text=T-Mobile US EPS for the twelve months ending December,a 9.06%25 decline from 2020.