Washington – Officials from wireless giant AT&T (NYSE: T) will
make their way to Capitol Hill on Wednesday to defend their proposed $39 billion
acquisition of rival T-Mobile USA, which would create the nation’s largest
wireless carrier.
Among those scheduled to testify before the Senate Judiciary
Committee are AT&T CEO Randall Stephenson, T-Mobile CEO Philipp Humm and
top executives from companies like Sprint Nextel and Cellular South, who
believe the deal would stifle competition in the wireless market.
Sprint has
gone on record as strongly opposing the acquisition, which must be approved by
the Federal Communications Commission (FCC) and Justice Department.
"Sprint will fight this attempt by AT&T to undo the progress of the
past 25 years and create a new Ma Bell duopoly," said Vonya McCann, the
senior vice president of government affairs at Sprint Nextel.
Related Links:
http://judiciary.senate.gov/hearings/hearing.cfm?id=5141
http://newsroom.sprint.com/article_display.cfm?article_id=1842
