Wednesday May 11th, will be a big day in the acquisition of T-Mobile by AT&T when they make their first appearance before Senate lawmakers. Not only will AT&T CEO Randall Stephenson and T-Mobile USA CEO Phillip Humm be at this appearance, but also Sprint CEO Dan Hesse and Cellular South CEO Hu Mena will also be attending.Both Stephenson and Humm will be there to argue why the merger is good for business and consumers. Their main reasoning will be that combining the two companies will provide more rural customers with broadband access rather than two separate companies could. However, Hesse and Mena will also making an appearance to explain their side of the merger between AT&T and T-Mobile. Their view point is combining the two companies will lead to price hikes for consumers. Their evidence on this will be a report last month by Consumers Union. This report showed that on average T-Mobile customers pay approximately $50 less than AT&T customers do.
Not only will we be seeing the CEOs from T-Mobile, AT&T, Sprint, and Cellular South, but we will also see Public Knowledge president, Gigi Sohn and Larry Cohen, CEO of Communication Workers of America. CWA will be in favor of the merger believing the will be able to hire on employees who cross over to AT&T from T-Mobile once the deal is done.
The first to call this meeting, one of which there is assumed to be many, will be Senator Herb Kohl of Wisconsin. Lawmakers, while they do not have final say, do have influence over what could happen. Many agencies that are apart of this will more than likely not ignore what lawmakers say and will probably take it under high advisement.
It will be interesting to see what is said and done during this meeting. I am sure many of us will be keeping an eye on this story as it unfolds. We will sure to keep you updated as it progresses.