Technology Stocks

Senate Commerce Committee calls for hearing of the Sprint Corp (NYSE:S) and T-Mobile Us Inc. (NASDAQ:TMUS) Merger as Ulf Ewaldsson gets appointed to lead 5G transformation strategy

The Senate commerce committee led by Democrats is calling for the hearing of the $26 billion mergers between Sprint Corp (NYSE:S) and T-Mobile (NASDAQ:TMUS). Following the merger that is seen as necessary in the building 5G network, T-Mobile has hired Ulf Ewaldsson as the new Technology transformation vice president to lead their 5G evolution strategy.

Appointment of Ulf Ewaldsson

The company says Ulf will be in charge of development of the 5G technology transformation strategy reporting directly to Neville Ray the CTO. Ray stated that the addition of Ulf is strategic since he has led various technological evolutions for telecommunications across the world.

The CTO added that bringing him on board is a win for the company since he will be a perfect addition to the company’s consumer-first Un-carrier team implementing the 5G evolution strategy. Ewaldsson has over 30 years of experience in telecommunications and has served in several senior positions in Ericsson.

Senate hearing

Democrats in the Senate commerce committee have indicated that the merger between T-Mobile and Sprint is likely to impact on consumers negatively. They argue that the merger would reduce the number of wireless carriers with a reduction in competition raising serious issues that should get addressed. Those opposed to the merger indicate reducing completion is likely to consolidate too much of the market. On the other hand, proponents argue that scaling is necessary for the building of 5G infrastructure.

The arguments that the senators are advancing is that with fewer national carrier prices will be high because of few choices as well as less flexibility in the switching of carriers. The senators pointed that T-Mobile and Sprint offered competitive prices and promotions that pressured Verizon and AT&T to ditch contracts as well as lower prices.

The senators indicated that the argument that the merger will help in developing of 5G infrastructure is not honest considering each has been boasting about their prowess in building 5G infrastructure.

There is growing opposition to the merger from rural carriers such as Blue Wireless, C Spire and Pine Belt Cellular who have joined the 4Competion Coalition.

Leave a Comment

Your email address will not be published.

*