Senate Dems ask regulators to investigate potential Sprint-T-Mobile merger

Senate Dems ask regulators to investigate potential Sprint-T-Mobile merger
© Greg Nash

A group of Senate Democrats is asking regulators to investigate the potential effects of a merger between T-Mobile and Sprint, a deal that is reportedly in the works.

In letters to the Department of Justice and the Federal Communications Commission on Friday, the eight senators, led by Sen. Amy KlobucharAmy Jean KlobucharFranken resignation could upend Minnesota races Avalanche of Democratic senators say Franken should resign Trump-free Kennedy Center Honors avoids politics MORE (D-Minn.), said they are concerned that the potential deal could hurt consumers.

“Beginning an investigation into a merger of T-Mobile and Sprint now will allow your agencies to quickly, but fully, review the agreement if it is announced,” they wrote.

“Indeed, multiple news sources are reporting that the two parties are close to a deal in principle. The likelihood of the transaction occurring combined with the serious issues that it raises provide compelling reason for DOJ and the FCC to begin investigating the potential transaction.”

The letter was also signed by Sens. Al FrankenAlan (Al) Stuart FrankenDemocrats turn on Al Franken Schumer called, met with Franken and told him to resign Overnight Finance: Trump says shutdown 'could happen' | Ryan, conservatives inch closer to spending deal | Senate approves motion to go to tax conference | Ryan promises 'entitlement reform' in 2018 MORE (Minn.), Patrick LeahyPatrick Joseph LeahyAvalanche of Democratic senators say Franken should resign America isn't ready to let Sessions off his leash Your tax dollars fund Afghan child rape MORE (Vt.), Richard Blumenthal (Conn.), Ron WydenRonald (Ron) Lee WydenDemocratic senator predicts Franken will resign Thursday Avalanche of Democratic senators say Franken should resign Lobbying world MORE (Ore.), Kirsten GillibrandKirsten Elizabeth GillibrandDemocrats turn on Al Franken Report: Franken will resign Thursday Minnesota's largest newspaper calls on Franken to resign MORE (N.Y.), Ed MarkeyEdward (Ed) John MarkeyNet neutrality supporters predict tough court battle over FCC's repeal plan Avalanche of Democratic senators say Franken should resign Driverless car bill hits Senate speed bump MORE (Mass), and Jeff MerkleyJeffrey (Jeff) Alan MerkleyAvalanche of Democratic senators say Franken should resign Senate nixes provision boosting conservative college after uproar Overnight Energy: Panel advances controversial Trump nominee | Ex-coal boss Blankenship to run for Senate | Dem commissioner joins energy regulator MORE (Ore.).

Reuters reported last month that the companies could announce a deal by the end of October.

The merger would reduce the number of major national wireless carriers from four to three, and critics argue that such a consolidated market would lead to less competition and possibly higher prices for consumers.

The Republican-controlled FCC said in a report last month that despite the consolidation, there is effective competition in the industry.

“An anticompetitive acquisition would increase prices, burdening American consumers, many of whom are struggling to make ends meet, or forcing them to forego their internet connection altogether,” the Democrats wrote on Friday. ”Neither outcome is acceptable.”