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Capitol Hill hearings begin regarding cellular merger

As U.S. senators prepared to grill the top officials of AT&T ( T ) and T-Mobile regarding the merger that both companies' boards have approved, another cellular company's chief chimed in with opposition to the pact that is still subject to review by the federal government, CNN reports .

"This merger is unfixable," Sprint ( S ) chief executive officer Dan Hesse told a senate subcommittee Wednesday on Capitol Hill. "It will stifle the vibrancy of the wireless industry."

Hesse runs a company that is presently ranked fourth for cellular companies. T-Mobile is third while AT&T holds the second spot. Verizon ( VZ ) is the biggest cellular company but that would change should the merger that was first announced in mid-late March be approved by federal regulators.

The Sprint chief's opinion was bolstered by Victor "Hu" Meena, chief of Cellular South, who said approval will help create a "duopoly," the Associated Press reports .

The market for wireless service in the U.S. "remains one of the most competitive in the world," Randall Stephenson, the chief executive officer of AT&T, told the senatorial panel during his opening remarks.

The chief executive officer of T-Mobile repeated his support for the deal by noting how much more will happen under AT&T's guidance and direction.

"T-Mobile does not have enough spectrum to compete on LTE," Philipp Humm said. The pact "will allow LTE to reach 97 percent of the U.S. population, which is something T-Mobile could not do on its own."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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