Now that an announcement of a Sprint, owned by Softbank Softbank, and T-Mobile merger seems possible, the question Softbank put before the Justice Department and Federal Communications Commission months ago remains unanswered: Will regulators allow a merger that reduces the number of large US telecom operators to three from four?
The question is about number of competitors rather than scale, so even if AT&T AT&T and Verizon get bigger through spectrum acquisitions, regulators may remain unmoved by Softbank’s argument that Sprint, the third largest US telecom, should gain scale by acquiring the fourth largest, T-Mobile.
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