On Wednesday, February 13, two U.S. House panels will hold a joint hearing to discuss the proposed merger of T-Mobile and Sprint.
The hearing will “examine the merger’s potential impacts on consumers, workers and the wireless industry,” the House Energy and Commerce Committee and the Judiciary Committee said in a press release.
T-Mobile CEO John Legere and Sprint CEO Marcelo Claure are both set to testify at the hearing.
“A merger between T-Mobile and Sprint would combine two of the four largest wireless carriers and the carriers with the largest numbers of low-income customers,” the Committees said in a joint statement.
“As the Committees with oversight of the Federal Communications Commission and Department of Justice, we must hold this hearing to examine the effects on important issues like jobs, costs to consumers, innovation and competition,” said Pallone, Nadler, Doyle and Cicilline. “We look forward to examining this merger from the perspective of what is in the best interest of consumers and hardworking people.”
Despite approval, opposition remains
Critics of the deal say it would reduce competition, cost thousands of jobs, and lead to higher prices for consumers. T-Mobile and Sprint have argued that joining forces is necessary to introduce 5G services.
“I am looking forward to sharing the benefits of the T-Mobile / Sprint merger with the House Commerce and Judiciary Committees on 2/13,” T-Mobile CEO John Legere said. “It’s a great opportunity to explain why it’s good for consumers, good for competition and good for the country.”
Before T-Mobile’s $26 million takeover of Sprint can take place, the deal must be approved by the FCC and DOJ.