On Friday, AT&T announced that it has officially filed a public statement with the Federal Communications Commission in support of its planned $39 billion acquisition of T-Mobile USA from Deutsche Telekom. AT&T argues five main pillars in its statement:
- The transaction will generate jobs and economic growth.
- The transaction will preserve and promote competition and innovation.
- The wireless market will remain vibrantly competitive.
- The network capacity of the combined company will far exceed the sum generated by its pre-merger parts.
- Numerous competitors will have ample spectrum to maintain the vibrantly competitive U.S. wireless market.
In a clear response to claims from Sprint’s CEO Dan Hesse that the acquisition would “stifle innovation,” AT&T also argued “nothing about the combination of AT&T and T-Mobile USA could possibly keep Sprint or any other provider from acting on the same incentives it has today to keep innovating in this unusually dynamic ecosystem.” Hit the jump for AT&T’s full release. More →