Sprint files suit to block AT&T and T-Mobile merger, things are getting serious
Sprint is a great carrier. It offers plenty of awesome smartphones, like the HTC EVO series, and excellent service, to boot. But it's small, and maybe all that smallness contributes to what seems like Sprint's scardiness. The carrier has only now filed suit to block the AT&T and T-Mobile merger, hot on the heels of the Department of Justice's own move to block the merger, as well.
Sprint claims much of the same stuff as the DOJ did last week, like how the reduction of competition will make lower quality, higher priced goods and services from the GSM monopoly-to-be. Sprint also made clear that if the merger goes through, both Verizon and AT&T-Mobile would get a whopping 90% of the profits and own over three quarters of the entire wireless market. That certainly wouldn't bode well for Sprint, whose profits would fall even further due to only having 10% of the profits.
I love that Sprint and the DOJ are stepping forward and trying to get a block on this merger, which I am almost 100% sure would cause some major problems for the already-troubled American wireless market. What are your thoughts on the merger, now that its proposed finishing date is coming closer?
[CBS News Tech Talk]
