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by hkmurakami
4639 days ago
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To elaborate, Sprint and T-Mobile have been trying to merge, arguing that scale is fundamental in competing in the market. Regulators have argued that 4 carriers are essential to keeping parity and competition in the market. |
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At one point AT&T tried to buy T-Mobile, citing Verizon being bigger as why it was okay. They even put a bunch of money on the line if it fell through. Regulators decided that either they wanted 4 parties, or that Verizon would be forced to buy Sprint to compete, leaving 2 parties. (I am not 100% certain which they said was the reason)