Sen. Mike Lee (Republican – Utah) issued the following statement Friday, July 26, after the Department of Justice announced approval of the merger between T-Mobile and Sprint.
“The Department of Justice Antitrust Division has determined that the merger of T-Mobile and Sprint, subject to certain divestitures and conditions, will be pro-competitive. I’m hopeful that the transaction will better position the merged firm to compete with Verizon and AT&T in the future, particularly as these carriers seek to roll out nationwide 5G networks,” Sen. Lee said. “That said, I have concerns whenever government joins hands with industry to cobble together a would-be competitor, particularly one who so stridently opposed the merger earlier this year. Time will tell whether this market intervention was sound, but it will no doubt invite similar gamesmanship in future antitrust reviews.”
Full Content: Senate
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI