In the battle between AT&T and the Department of Justice, Verizon is no longer Switzerland. Lowell McAdam, CEO of the nation’s largest wireless provider is weighing in on whether the proposed $39 billion acquisition of T-Mobile USA is a good deal. The Justice Department has sued to block the merger over concerns that the combination of the second largest and fourth largest carriers in the U.S. could hurt competition and leave consumers at a disadvantage when it comes to choice and cost.
Arguing that the government needs to be “thoughtful” of the impact such suits could have on the industry, McAdam says AT&T should be allowed to buy T-Mobile.
Sprint, the putative David is this battle between the DOJ, AT&T, and the FCC, also has something to say. Sprint CEO Dan Hesse seemed to suggest that if the AT&T/T-Mobile deal doesn’t go through, Sprint might take a run at buying T-Mobile.
Read more at The Wall Street Journal.
