The FCC today finalized its approval of T-Mobile’s $26 billion dollar merger with Sprint, a megadeal that most objective data suggests will result in higher prices, fewer jobs, and even worse service from one of the most disliked industries in America.
In its finalized order confirming a 3-2 vote along partisan lines, the FCC insists that the deal will result in amazing benefits for American consumers, ranging from accelerated deployment of fifth-generation (5G) wireless networks, to “enhanced competition” in the wake of the deal.
The merger would eliminate one of just four major wireless carriers in the States. Historically, this shift from four to three wireless competitors doesn’t work out well for consumers; both Ireland and Canada allowed similar mergers and the result was higher prices—not great news for US consumers who already pay some of the highest rates in the world for mobile data.
More at Vice Motherboard.