JOHN LEGERE,the lion-maned boss of T-Mobile, made his wireless firm the fastest-growing carrier in America by cutting prices and giving customers better deals than AT&T and Verizon, and which he relentlessly mocked on Twitter as retrograde behemoths. His personal brand as an industry maverick (an independent, nonconformist person) may have helped too. On April 29th he put that image to the test,agreeing to a combination with Sprint, the next largest carrier after T-Mobile, or creating a behemoth under his leadership.
The deal,all in shares, values the combined entity at $146bn including debt. whether approved by regulators, and it would squeeze the number of providers in the wireless market in America from four to three. That is a big “whether”twice earlier this decade,antitrust authorities have either stepped in to prevent such an outcome or indicated that they would attain so, for terror of higher prices for consumers.
Mr Legere presumably knows the challenge, and so he appealed to the political priorities of President Donald Trump....
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Source: economist.com