According to foreign media reports, only a few weeks ago, AT&T and T-Mobile are United States a sworn enemy of the mobile market. However on Wednesday, two company executives work together to attend the United States Senate held hearings in both merger and acquisition matters, and to defend. After the stand up to take the oath, executives of the two companies said in bianci, once the deal is approved by the Congress of AT&T acquisition T-Mobile, will limit the potential growth of both companies, and restricting the two companies ability to meet user demand for its wireless network services.
Executives of both companies, the two sides is not a real competitor, this view was strongly questioned by one member of Parliament.
Negative
Hearings and responsibility of United States antitrust and competition Subcommittee Chairman of the judiciary, Wisconsin Democrat herb-Cole (Herb
Kohl) to the President and CEO Randall AT&T-Stephenson (Randall
Stephenson) issue questioned said: “I mean, you two are United States major mobile operators. All of you to provide users with mobile phone services. You come to the Parliament, sitting here and
T-Mobile there is no competitive relationship, this reliable? ”
Benedikt stefansson in replying to questioned Kohl said: “I want to tell Members that is, T-Mobile is not AT&T the most important competitors. ”
Apart from emphasizing once unable to merge the two companies will bring other than severe challenges, AT&T and T-Mobile executives also answers from other members of the Democratic Party in the hearing and mobile operator Executive’s challenge.
United States Department of Justice and Federal Communications Commission (FCC) for the acquisition will expand a year-long investigation, because once the deal is approved, the two companies combined company would control about 43% mobile market share throughout the United States. If combined with Verizon Wireless, its cumulative market share will reach nearly 80%.
Sprint executives questioned
United States another mobile operator Sprint Nextel CEO Daniel-Hermann Hesse (Daniel r. Hesse) deal raises serious questions to both parties. T-Mobile and AT&T are considered real rival Sprint.
Hermann Hesse reiterated at the hearing, once the United States regulators approved the merger and acquisition deals will allow United States Wireless operations industry back to the last century 80 ‘s-head oligopoly situation. Since AT&T announced the acquisition of T-Mobile, Hermann Hesse has adhered to this view.
Hermann Hesse, he insisted that T-Mobile AT&T merger would make the current four major mobile operators throughout the United States reduced to three. And this will no doubt be a United States mobile carriers will be further consolidated as the two precursors, because by then Sprint will be difficult to compete with Verizon Wireless and AT&T/T-Mobile.
Hermann Hesse at the hearing, said: “I came here not simply urge regulators to halt deals between the two sides or from the sum of mergers and acquisitions for the Sprint in seeking any advantage. I’m sitting here because Sprint firmly believes that only competition can promote innovation. ”
Benedikt stefansson and T-Mobile United States CEO Philip-Minna von barnhelm (Philipp Humm) is represented on the hearing, the two companies also upholding competition to promote innovative ideas, but at the same time stresses the merge between the two sides battle for mobile phone users will not be reduced.
Hem at the hearing, said: “We also expect the market will form an increasingly fierce competition, which will reduce costs for all users. ”
The
In the Judicial Committee from Utah’s Republican Senator Michael-Lee (Michael
Lee) expressed support for the merger and acquisition deals. He said at the hearing: “in the United States under the premise of Government-funded assistance and intervention, I really would like to see United States mobile market to establish a wide
Wireless network system of the State. Regulators must provide the user with prices, quality services, as well as the right of final selection of multiple perspectives, such as AT&T T-Mobile the acquisition of a thing. ”
Democratic Senator from Vermont Patrick-LaCie (Patrick Leahy) said, after critics pointed out that the two companies in the United States has a large number of unused wireless spectrum in the rural areas, this is true.
In response, Benedikt stefansson said, if you are unable to complete the deal, more difficult for AT&T wireless broadband service to expand to the United States rural areas.
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Tags: defend, executives, takeover, TMobile, together
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