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Nine senators, including several presidential hopefuls, ask FCC to block T-Mobile-Sprint

( February 12, 2019, 19:08 GMT | Official Statement) -- MLex Summary: Nine US senators, including presidential candidates Amy Klobuchar, Cory Booker, Elizabeth Warren and Kirsten Gillibrand, wrote a letter to US Federal Communications Commission Chairman Ajit Pai, asking him to block T-Mobile's proposed acquisition of Sprint. "The best way to achieve the goal of high-quality, affordable nationwide 5G is through competitive markets," the letter says. "This merger moves us further away from the sort of competition we need to accomplish this aim. It will lead to excessive consolidation and undermine innovation. It will raise prices, particularly on low-income consumers and seniors. This merger offers little in return for these likely tangible harms. It will not speed up the deployment of 5G, nor will it achieve meaningful nationwide coverage for  rural Americans. Finally, it will kill jobs and may reduce wages."See document below....

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