NEW YORK — The Latest on Sprint-T-Mobile deal (all times local):<\/p>\n
11 a.m.<\/p>\n
Consumer advocacy groups are worried that T-Mobile’s bid for Sprint will likely lead to higher cellphone plans because there’s less competition.<\/p>\n
The watchdog group Common Cause says low-income consumers seeking more affordable services will be particularly hurt.<\/p>\n
But Mark Lowenstein, a mobile-industry consultant, says the move shouldn’t be seen as a consolidation in the wireless industry. Rather, he says, it’s a new industry structure, with wireless “competing in the larger broadband space.”<\/p>\n
The deal announced Sunday would combine the nation’s third- and fourth-largest wireless companies and bulk them up to a similar size to Verizon and AT&T, the industry giants.<\/p>\n
Shares of T-Mobile fell 4 per cent to $61.87 in morning trading Monday. Sprint shares fell 17 per cent to $5.65.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW YORK — The Latest on Sprint-T-Mobile deal (all times local): 11 a.m. Consumer advocacy groups are worried that T-Mobile’s bid for Sprint will likely lead to higher cellphone plans because there’s less competition. The watchdog group Common Cause says low-income consumers seeking more affordable services will be particularly hurt. But Mark Lowenstein, a mobile-industry […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7887"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7887"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7887\/revisions"}],"predecessor-version":[{"id":7888,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7887\/revisions\/7888"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}