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Edition: U.S. Article Comments (2) Follow Reuters Facebook Twitter RSS YouTube Read IRS offers tips to avoid mistakes on deadline day 9:43am EDT Palin returns with feisty, anti-establishment speech 16 Apr 2011 U.S. credit outlook cut by S&P on deficit concerns 11:27am EDT Citi profit falls 32 percent as bond trading weakens 11:33am EDT Philips CEO turns off TV in search of profit 9:43am EDT Discussed 83 Obama to lay out deficit plan with focus on tax, spending 82 White House warns on debt limit, says Obama regrets vote 82 Palin returns with feisty, anti-establishment speech Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Deadly tornadoes pound southern U.S. Sun, Apr 17 2011 Sprint CEO blasts AT&T/T-Mobile mega-deal Tweet Share this SAN FRANCISCO (Reuters) - Sprint Nextel Corp CEO Dan Hesse attacked rival AT&T Inc's planned acquisition of T-Mobile USA on Friday, saying a tie-up between the two would hurt innovation and set the country's wireless industry back. The chief... Email Print Related News Sprint CEO blasts AT&T/T-Mobile mega-deal Fri, Apr 15 2011 UPDATE 1-Sprint CEO blasts AT&T/T-Mobile mega-deal Fri, Apr 15 2011 Cost surge under new Google CEO unnerves Street Fri, Apr 15 2011 South Korean portals file competition complaint against Google Fri, Apr 15 2011 UPDATE 3-Telefonica bets on Latam to overcome weak spots Thu, Apr 14 2011 Analysis & Opinion Pakistan overplays its hand Muni sweeps: Tough choices ahead Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Stocks Dan Hesse, Chief Executive Officer of Sprint Nextel, speaks during the CEO Roundtable at the International CTIA wireless industry conference at the Orange County Convention Center in Orlando, Florida March 22, 2011. Credit: Reuters/Scott A. Miller SAN FRANCISCO | Fri Apr 15, 2011 8:51pm EDT SAN FRANCISCO (Reuters) - Sprint Nextel Corp CEO Dan Hesse attacked rival AT&T Inc's planned acquisition of T-Mobile USA on Friday, saying a tie-up between the two would hurt innovation and set the country's wireless industry back. The chief executive of the No. 3 U.S. mobile operator lashed out against the $39 billion deal, now undergoing regulatory scrutiny, echoing the comments of other Sprint executives. "If AT&T is allowed to swallow T-Mobile, competition will be stifled, growth will be stifled and wireless innovation will be jeopardized," Hesse told reporters and industry executives in downtown San Francisco. James Cicconi, AT&T's senior executive vice president, external and legislative affairs, pointed out that in recent months Sprint executives had said the wireless industry was very competitive. "It is self-serving for them to argue that the highly competitive wireless market they cited only months ago is now threatened by the very type of transaction they seemed prepared to defend previously," Cicconi said in a statement. AT&T's deal, announced in March, would concentrate 80 percent of U.S. wireless contract customers in just two companies -- AT&T/T-Mobile and Verizon Wireless, a venture of Verizon Communications and Vodafone Group Plc. No. 2 U.S. mobile carrier AT&T, often criticized for dropped calls and slow connection speeds, has said the merger would spur innovation and economic growth by improving quality and expanding service to 95 percent of the U.S. population. Deutsche Telekom AG owns T-Mobile. (Reporting by Noel Randewich; editing by Gerald E. McCormick, Bernard Orr) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (2) Conradsands wrote: Snippets from CNN story … AT&T lobbyists push for T-Mobile deal March 28, 2011 For years, AT&T has been one of the biggest political and lobbying forces in town. Last year, it spent $15.3 million and had 93 lobbyists on its roster, including six former lawmakers. Germany’s Deutsche Telekom spent $3 million on lobbying for T-Mobile USA in 2010, armed with 41 lobbyists and one former lawmaker. Many lawmakers have a personal interest in seeing AT&T do well. AT&T ranked as the sixth most popular investment among members of the House and Senate in 2009, the most recent year for which such data is available, according to the Center for Responsive Politics. And AT&T is considered a heavy hitter during campaign election cycles. In 2010, donors with links to the company made nearly $4 million in campaign contributions to candidates running for federal office. Apr 15, 2011 10:36pm EDT -- Report as abuse Conradsands wrote: Taking into account the whole U.S. market, a combination of Dallas-based AT&T and T-Mobile may raise the Herfindahl- Hirschman Index, an accepted measure of market concentration, to 3,216 from 2,848, according to a Bloomberg analysis. Any score above 2,500 can indicate a highly concentrated market, and an increase of more than 200 points is “likely to enhance market power,” according to federal guidelines. If this ridiculous deal goes through, Sprint will be the only low-priced post-paid wireless carrier left in the United States. T-Mobile customers are already fleeing to Sprint because they know they won’t get low prices from AT&T or Verizon. But AT&T and Verizon are two of the top corporate lobbyists in the country, so I’m sure the Feds are happy to oblige anything they want to do to secure a stranglehold on the market at the expense of the consumer. Apr 15, 2011 10:37pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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