US House committees to hold joint hearings on the T-Mobile & Sprint merger, both CEOs agree to testify

As part of the ongoing review process of T-Mobile's proposed merger with Sprint, a couple of US House panels will hold a joint hearing next month. The hearing will focus on dealing with how the merger will affect consumers, with CEOs in both T-Mobile and Sprint set to testify.

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As reported by Reuters The House Energy and the Trade Committee and the Court Committee will hold a joint hearing on February 13 to "examine the potential impact of the mergers on consumers, workers and wireless industry . " During the hearing, both T-Mobile CEO John Legere and Sprint, CEO Marcelo Claure, will testify.

In a press release this afternoon, members of both committees explained that the merger combines the carriers with "the largest number of low-income customers." The goal of the consultation is to find out if it is in "best interest" of consumers and hard-working people. "

Chairman of Energy and Commerce Frank Pallone, Jr. (D-NJ), Chairman Jerrold Nadler (D-NY), Energy and Commerce Communication and Technology Subcommittee Mike Doy (D-PA) and Judiciary Subcommittee for Antitrust , Commercial and Administrative Law Chairman David N. Cicilline (D-RI):

"A merger between T-Mobile and Sprint would combine two of the four largest wireless operators and operators with the largest number of low-income customers. As committees supervised by the Federal Communications Commission and the Ministry of Justice, we need to hold this consultation to investigate the impact on key issues such as jobs, consumer costs, innovation, and competition. We look forward to investigating this merger in terms of what is in the interests of consumers and hard-working. "

Last year, Sprint and the T-Mobile merger were removed by US security staff, but the agreement still has several regulatory hurdles to jump, but also FCC and DOJ approval.

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