Sprint Issues Statement To AT&T Walking Away From T-Mobile Takeover
It’s not like we didn’t already know what Sprint’s reaction to AT&T’s pulling out of their T-Mobile takeover was going to be. With the proposed merger dead in the water, Sprint would like to take a moment to tell everyone — “We told you so.” Number 3 issued a statement today also reminding everyone that they were always looking out in the best interest of the American consumer (and in the process, their own well being) by opposing the near-duopoly from the start. Somewhere, Sprint’s CEO Dan Hesse is doing windmills in his lavish penthouse. Full press release can be found below.
Sprint statement on decision by AT&T and Deutsche Telekom to end bid to acquire T-Mobile USA
OVERLAND PARK, Kan. (BUSINESS WIRE), December 19, 2011 – Vonya B. McCann, senior vice president of Government Affairs for Sprint (NYSE: S), issued the following statement in response to AT&T’s decision to end its bid to takeover T-Mobile USA:
“Earlier today, AT&T terminated its definitive merger agreement with Deutsche Telekom to acquire T-Mobile USA. This is the right decision for consumers, competition and innovation in the wireless industry.
“From the beginning, Sprint has stood with consumers who spoke loudly and clearly that AT&T’s proposed takeover of T-Mobile would create an undeniable duopoly that would have resulted in higher prices, less innovation and fewer choices for the American consumer.
“Sprint commends the Department of Justice, the Federal Communications Commission and the bi-partisan group of state attorneys general who gave voice to the concerns of consumers across the country. We look forward to competing fiercely in the robust, competitive market that exists today and continuing to deliver the world class service and products that consumers have come to expect from Sprint.”