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T-Mobile CEO Resists Calls Tuesday to Limit Mobile Phones Prices for More Than Three Years If Company Is Allowed to Complete $ 26.5 Billion Merger with Sprint .
Speaking before a judicial panel of the House, President John Legere insisted that "prices will go down," citing expectations of wireless bandwidth growth.
Legere has agreed to cap mobile phone prices for three years to approve the proposed merger, which would marry the nation's third and fourth largest mobile companies, behind AT & T and Verizon.
Legere made this comment in response to questions from Representative Lucy McBath (D-Ga.) And Judicial Affairs Committee Chair David Cicilline (D-RI), who urged her to set a price ceiling. over three years.
"Why not make a price commitment for four or five years?" Asked McBath.
"I will keep the tariff plans that everyone has for three years," replied Legere without answering the question.
As The Post said in exclusivity last week, leading Justice Department staff are participating in the private portion of the $ 26.5-billion deal, including the three-year price cap. .
Senior officials of the department, including head of antitrust legislation, Makan Delrahim, have pointed out that the price cap set by T-Mobile over three years seemed low, given that the seven-year waiting period of TA & T was tied to part of its $ 85 billion takeover of Time Warner.
T-Mobile argued that the purchase of Sprint would accelerate the development of its next-generation 5G wireless network.
Opponents say the deal would ease T-Mobile's cost-cutting war, raising prices in all areas.
The Department of Justice and the Federal Communications Commission are expected to vote on the merger next month.
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