Verizon speaks up in Support of AT&T and T-Mobile Merger
Unless you’re hiding under a rock, chances are you’ve heard of the AT&T and T-Mobile merger. Sprint and Cellular South have both spoken quite loudly about the negative effects the merger would have on the U.S.’s economy. Until now, Verizon has kept mum about their opinions on the pending marriage. But Verizon’s chief executive, Lowell McAdam, has finally spoken up, warning the government not to regulate the deal.
Speaking in a conference on Wednesday, September 21, McAdam told an investor that the deal has to occur. McAdam said that if the government decides to block the merger, it must also try to solve the country’s wireless spectrum problems. Carriers need more network to meet the growing demands for more data usage.
McAdam said the AT&T merger with T-Mobile was inevitable. T-Mobile had the capacity but lacked the capital to build it. AT&T needed the spectrum but they didn’t have it in order to take care of their customers. It was only a matter of time, McAdam said.
So far, 70 House Democrats and 100 Republican representatives have publically voted to support the deal, although critics have accused those politicians of having received campaign contributions from AT&T.
Seven states including New York, California, Illinois, Massachusetts, Ohio, Pennsylvania, and Washington have supported the Department of Justice in suing to block the deal.
Leave a comment
You must be logged in to post a comment.