Senate Democrats Call for Probe of Possible T-Mobile-Sprint Merger

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If the merger is a success it would change the dimensions of U.S. telecom industries.

The upcoming midterm elections in the United States set to take place next year may stifle the possibility of a merger between T-Mobile and Sprint getting approved and even outright prevent it, Deutsche Bank analyst Matthew Niknam wrote in his Tuesday note to investors, as reported by FierceWireless.

U.S. Senator Amy Klobuchar (D-MN), U.S. Senator Al Franken (D-MN), and seven other senators have written a letter urging the FCC and DOJ to investigate the potential impact of a T-Mobile-Sprint merger.

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T-Mobile now has a market valuation of $52 billion whereas Sprint has a value of around $29 billion.

Get Data Sheet, Fortune's technology newsletter. "There also may be greater incentive for both sides to evaluate a potential deal sooner rather than later, given the risk that deal approval may slip beyond mid-term elections in late 2018 (with the risk that more populist/less corporate-friendly sentiment may become more pervasive in D.C.) In fact, we note that the Democrats" "Better Deal' agenda (unveiled in July 2017, targeted towards 2018 elections) highlights ongoing corporate consolidation as a threat to USA consumers, and proposes sharper scrutiny of potential deals", Niknam wrote this morning in a note to investors. "We are concerned that consolidation will thwart those goals".

"It's not surprising to see this finally being worked out as Sprint is a very eager seller and T-Mobile - while operating from a position of great strength - needs the added heft that Sprint brings it to prepare for the next wave of competition with AT&T and Verizon", he said. The deal proposal also would not include a termination fee if blocked by regulators, given the high risk of antitrust opposition, Bloomberg noted.

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