Yesterday, I wrote that Sprint released a statement in which they express their belief that the sale of T-Mobile USA to AT&T would drastically alter the balance in the wireless provider market. Now, Bloomberg is reporting that Sprint's CEO, Dan Hesse, mentioned that Sprint would file an appeal against the planned buyout while it is under review.
Mr. Hesse notes that the joining of the two companies would result in a company with "tremendous" power in the US market. When you combine AT&T's future share with Verizon's, you will find that they will have close to 80% of the market share.
In addition, he also believes that this move will "stifle innovation." AT&T's Senior Executive Vice President responded by saying that he hopes the policymakers will understand that this deal would not likely be welcomed by AT&T competitors, as it would make them stronger.
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