Leap Wireless Opposes T-Mobile Deal
Leap Wireless International Inc. became the latest wireless carrier to voice opposition to AT&T Inc.’s $39 billion bid to purchase T-Mobile USA, citing anti-competitive issues.
Leap warned the acquisition would harm consumers as the reduced competition would result in two massive super-carriers–AT&T and Verizon Wireless–who would control more than 80 percent of the wireless market.
Sprint Nextel Corp., the No. 3 U.S. carrier, has been the most vocal opponent of the merger and has called on regulators to block it. Last week, MetroPCS Communications Inc., which like Leap provides prepaid cellphone service, also said the combination represents too high a concentration of wireless spectrum.