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Sprint Nextel has finally submitted a formally request to the authorities pleading them to ban the deal of AT&T Inc's acquisition of T-Mobile USA in exchange for $39 billion. The official request stated that this deal "has no public interest benefit" and asserted that it will do nothing but hinder the competitive environment, regardless of whether there are conditions put to the deal or not. Sprint has been condemning this deal prominently because if the deal is done, it will form a new mobile operating leader in the country. The report specifically pointed out that even if FCC puts the condition on AT&T to divest its assets, even than this deal should not be approved. 
Image via WikipediaThe official statement of Sprint was submitted on Tuesday which was the deadline to submit applications against AT&T to FCC. The report stated that "the proposed transaction would produce no tangible public interest benefits and would impose serious anti-competitive harms that cannot be remedied through divestitures or conditions." On the other hand, AT&T declared in a statement that it still has the support of many groups, which include "community, civic and minority organizations," along with 13 governors. In order to put this deal into practice, AT&T needs the approval of FCC and Justice Department. AT&T has stated the chief reason for this acquisition, is to acquire T-Mobile USA's spectrum, which it needs to expand high-speed services along with improving its network performance. Denying the claims, Sprint stated that AT&T has no lack of spectrum. In fact Sprint also added that AT&T's problem is that it has "simply failed to upgrade or invest sufficiently in its network."
Image via WikipediaThe federal telecommunications regulatory authority, FCC, has ordered AT&T Inc. to provide detailed information regarding its plans and effect of those plans of merger with T-Mobile USA. It was specifically mentioned to cover the verdicts of the effect this merger on the spectrum shortages, coverage overlaps and its plans to close any service in the future. The decision of AT&T acquiring T-Mobile USA from Deutsche Telekom AG in exchange for a $39 billion has been highly criticized and remains an extremely controversial one, since numerous sources claim that this merger will reduce the number of wireless carriers in the market and result in monopoly.The Federal Communications Commission posted a note on its website on this Friday, requesting both the companies participating in the merger to provide all their detailed plans and analyses it has kept for the merged company. AT&T is the second largest wireless carrier in U.S., and has cited spectrum shortages as the main motive behind its decision to buy T-Mobile USA, which is the fourth largest mobile provider of U.S. If this merger deal is approved and implied, it will make AT&T the number one leader of the U.S. market, overpowering the current leader Verizon Wireless, a joint venture of Verizon Communications and Vodafone Group Plc.
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Wall Street Journal has now announced that the alliance of all main U.S. wireless carriers including AT&T Inc., Verizon Wireless and T-Mobile USA, is no longer gearing up to form a separate new network for payments method for transactions made by their customers through the cellphones. WSJ quotes that the hindrance in the job is actually because it is too easier said than done and requires a lot of worthy time to actually create a new separate network for payment, two very reliable people related to the project explained. This previously announced joint business enterprise was called as Isis, which was originally scheduled in a way to take direct hold of the market share, which the telecom industry is providing to the Visa Inc and MasterCard Inc. All the main wireless carriers were collaboratively going to set up their own directly controlled payments network, which would have been made been customized for collecting fees each transaction of their customers’ mobile phones.
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