Sprint wants to buy T-Mobile

Sprint Corp. is reportedly working toward a possible bid for rival T-Mobile US Inc. However, such a deal would be controversial and could be blocked by U.S. regulators because it would leave the U.S. wireless market dominated by three big companies.

If the merger succeeds, Sprint and T-Mobile would have together nearly 53 million so-called postpaid subscribers-the industry's most creditworthy and lucrative customers. Consumer activist groups wasted no time attacking the reported merger plan.

"The public doesn't need fewer competitors and fewer choices - not when the wireless market already has so little competition," Free Press President and CEO Craig Aaron wrote in a statement. "As they did in blocking the merger between AT&T and T-Mobile, the FCC and Justice Department must carefully and closely scrutinize this deal and its impacts on consumers and their wallets. The public will get nothing good out of this deal."

In 2011, the US Department of Justice shot down AT&T's plan to buy T-Mobile for $39 billion, saying that "the market needed four major national carriers to remain competitive." Sprint, then countered that the deal would lead to a duopoly, with AT&T and Verizon controlling the wireless industry, and likely lead to job cuts and price hikes.

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