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Boost Founder Vows To Save Prepaid From T-Mobile/Sprint Merger

Posted On: Jul 20, 2018   |   Posted By: Android Headlines

Boost Mobile founder Peter Adderton vowed to save the prepaid segment from what he believes is certain collapse caused by T-Mobile and Sprint's merger should the proposed consolidation be approved without major concessions being required from either firm. The industry veteran is now pushing for the Department of Justice and Federal Communications Commission to demand divestments from the two telecom giants before greenlighting the deal that would reduce the number of national mobile service providers in the country to three, arguing that any other scenario would be detrimental to prepaid consumers, traditionally the poorest class of Americans.
Mr. Adderton believes a tie-up of Sprint and T-Mobile would eventually lead to the combination of the former's Boost Mobile and Virgin Mobile, as well as the latter's MetroPCS, hence eliminating virtually all competition in the nationwide prepaid segment, leaving consumers without any affordable options. As Verizon and AT&T are barely present in the segment due to its...

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