U.S. House panels to hold joint hearing on Sprint, T-Mobile merger
By David Shepardson WASHINGTON (Reuters) - Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp's proposed $26 billion merger and its potential impact on consumers.
By David Shepardson
WASHINGTON (Reuters) - Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp's proposed $26 billion merger and its potential impact on consumers.
The House Energy and Commerce Committee and the Judiciary Committee will hold a joint hearing to "examine the merger’s potential impacts on consumers, workers and the wireless industry," the committees said in a statement on Monday. Both T-Mobile Chief Executive John Legere and Sprint Chairman Marcelo Claure have agreed to testify.
"A merger between T-Mobile and Sprint would combine two of the four largest wireless carriers and the carriers with the largest numbers of low-income customers," said senior Democrats on the two panels and two subcommittees. "We look forward to examining this merger from the perspective of what is in the best interest of consumers and hardworking people."
The U.S. Senate held a hearing on the merger in June.
Last month, the companies won backing for the merger from two national security reviews, clearing key hurdles in their tie-up bid.
The deal got a nod from the Committee on Foreign Investment in the United States, as well as the Justice Department, Department of Homeland Security and the Defense Department -collectively referred to as Team Telecom.
T-Mobile and Sprint, the third- and fourth-largest U.S. wireless carriers, said Team Telecom, in a filing with the Federal Communications Commission, indicated it had no objections to the merger after reviewing “potential national security, law enforcement, and public safety issues.”
T-Mobile has previously said it expects the deal to close in the first half of 2019. The U.S. wireless carriers still need to win antitrust approval from the Justice Department and the FCC.
(Reporting by David Shepardson; Editing by Dan Grebler)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.