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T-Mobile, Sprint deal 'epitomizes what has gone wrong with US merger enforcement,' AAI says

( February 12, 2019, 21:08 GMT | Official Statement) -- MLex Summary: T-Mobile's plan to buy Sprint would eliminate two "disruptive" competitors and leave American consumers with a "cozy trio" of national wireless carriers, Diana Moss of the American Antitrust Institute said. The transaction would "virtually guarantee higher prices, less quality and slower innovation for wireless services for millions of US consumers," she said. US enforcers have allowed anticompetitive deals for years based on claims that harms will be eliminated by benefits, Moss said, but they do not have the ability to hold "feet to the fire" to make sure benefits are realized. "A government move to block the Sprint-T-Mobile merger would signal a willingness to return to first principles and to enforce the U.S. antitrust laws to defend our markets and protect competition and consumers," she said.Statement follows below:...

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