Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Cor...
WASHINGTON/NEW YORK - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said.
T-Mobile and Sprint said on Monday they would sell Sprint’s Boost Mobile business, which sells prepaid plans, and ensure that the divested company has access to a wireless network for six years. Free Press, an advocacy group, urged the Justice Department to block the acquisition, saying it will exacerbate an existing “affordability crisis” that makes it hard for poorer people to get online, said its general counsel, Matt Wood.Sprint and T-Mobile customers were likely to see weighted average prices rise a minimum of 4.2% for prepaid services and 4.8% for postpaid, satellite television provider Dish Network Corp, a critic of the deal, said in an FCC filing last year.
Boost operates using Sprint’s spectrum and network. Under the companies’ proposal, only the brand will be sold and it will remain dependent on Sprint for spectrum and network access. Sprint’s prepaid subscriber base had been shrinking but has turned around and has been growing for more than two years, with Boost expanding and Virgin Mobile losing subscribers, according to Sprint filings with the government.
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