A group of Senate Democrats is asking regulators to investigate the potential effects of a merger between T-Mobile and Sprint, a deal that is reportedly in the works.
In letters to the Department of Justice and the Federal Communications Commission on Friday, the eight senators, led by Sen. Amy KlobucharAmy Jean KlobucharKlobuchar taking over Franken's sexual assault bill Tech beefs up lobbying amid Russia scrutiny Facebook wants 'flexibility' in political advertising regs MORE> (D-Minn.), said they are concerned that the potential deal could hurt consumers.
“Beginning an investigation into a merger of T-Mobile and Sprint now will allow your agencies to quickly, but fully, review the agreement if it is announced,” they wrote.
“Indeed, multiple news sources are reporting that the two parties are close to a deal in principle. The likelihood of the transaction occurring combined with the serious issues that it raises provide compelling reason for DOJ and the FCC to begin investigating the potential transaction.”
The letter was also signed by Sens. Al FrankenAlan (Al) Stuart FrankenReport: Conyers settled wrongful dismissal complaint over 'sexual advances' Arianna Huffington denies Franken behaved inappropriately in response to new photos Right way and wrong way MORE> (Minn.), Patrick LeahyPatrick Joseph LeahyLawmakers, celebs honor Tony Bennett with Library of Congress Gershwin Prize Dem senator jokes: 'Moment of weakness' led me to share photo comparing Trump, Obama Leahy presses Trump court nominee over LGBTQ tweets MORE> (Vt.), Richard Blumenthal (Conn.), Ron WydenRonald (Ron) Lee WydenCongress faces growing health care crisis in Puerto Rico Photos of the Week: Nov. 13-17 Senate panel approves GOP tax plan MORE> (Ore.), Kirsten GillibrandKirsten Elizabeth GillibrandDem: Ex-lawmaker tried to pin me to elevator door and kiss me In Washington and Hollywood, principle is sad matter of timing Mika Brzezinski: Bill Clinton needs to apologize or stop talking MORE> (N.Y.), Edward MarkeyEdward (Ed) John MarkeySenate Democrats introduce bill to block Trump's refugee ban FCC votes to limit program funding internet access for low-income communities Two GOP senators oppose Trump’s EPA chemical safety nominee MORE> (Mass), and Jeff MerkleyJeffrey (Jeff) Alan MerkleySenate Democrats introduce bill to block Trump's refugee ban Overnight Defense: Army secretary easily confirmed | Army denies changing mental health standards | US to trim peacekeeping funds | House passes bill to speed up approval of battlefield medicines Senate approves Trump's Army pick MORE> (Ore.).
>Reuters reported last month that the companies could announce a deal by the end of October.
The merger would reduce the number of major national wireless carriers from four to three, and critics argue that such a consolidated market would lead to less competition and possibly higher prices for consumers.
The Republican-controlled FCC >said in a report last month that despite the consolidation, there is effective competition in the industry.
“An anticompetitive acquisition would increase prices, burdening American consumers, many of whom are struggling to make ends meet, or forcing them to forego their internet connection altogether,” the Democrats wrote on Friday. ”Neither outcome is acceptable.”
Source : http://thehill.com/policy/technology/354320-senate-dems-ask-regulators-to-investigate-potential-sprint-t-mobile-merger