Sprint CEO Dan Hesse says AT&T, T-Mobile deal will ?stifle innovation?

Sprint CEO Dan Hesse on Tuesday shared strong opinions surrounding AT&T’s recent announcement that it plans to acquire T-Mobile USA from Europe’s Deutsche Telekom. Speaking on Tuesday morning at the CTIA Wireless 2011 convention, Hesse said AT&T’s plans to acquire T-Mobile will hurt customers. He also said that if approved by regulators, the deal would leave two big players ? AT&T and Verizon Wireless ? in control of 79% of the U.S. wireless market. “I do have concerns that it would stifle innovation and too much power would be in the hands of two,” Hesse said during a roundtable discussion. His comments were met with applause from the audience. AT&T Mobility boss Ralph de la Vega defended the deal on

Source: http://www.bgr.com/2011/03/22/sprint-ceo-dan-hesse-says-att-t-mobile-deal-will-stifle-innovation/

Jamie Chung Alicia Witt Radha Mitchell Melissa Rycroft Chloë Sevigny