FCC Chief Happy Sprint Dropping T-Mobile Bid

Posted by at 3:07 pm on August 6, 2014

FCC Chairman Tom Wheeler today voiced his approval of Sprint’s decision to halt its attempt to acquire T-Mobile.

“Four national wireless providers is good for American consumers. Sprint now has an opportunity to focus their efforts on robust competition,” said Wheeler in a statement.

The FCC and Justice Department have long contended the U.S. market needs four national carriers. Had Sprint acquired or merged with T-Mobile, that number would have been reduced to three.

Wheeler’s statement sends a clear signal that the FCC likes things the way they are, with AT&T, Sprint, T-Mobile, and Verizon Wireless all competing with one another.

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