May 5 (Bloomberg) -- AT&T Inc. Chief Executive Officer Randall Stephenson is to testify at a May 11 congressional hearing into the company’s proposed purchase of T-Mobile USA Inc., according to a news release from the U.S. Senate.
Sprint Nextel Corp. Chief Executive Officer Dan Hesse, an opponent of the purchase, also is to testify, according to the witness list distributed today by the Judiciary Committee.
AT&T on March 20 proposed buying Deutsche Telekom AG’s T-Mobile in a $39 billion deal, which would combine the second-and fourth-largest carriers to create a new market leader, ahead of No. 1 Verizon Wireless.
The deal needs approval from the Justice Department and Federal Communications Commission.
The hearing, entitled “The AT&T/T-Mobile Merger: Is Humpty Dumpty Being Put Back Together Again?” is before the committee’s antitrust panel, which is chaired by Senator Herb Kohl, a Wisconsin Democrat.
T-Mobile Chief Executive Officer Philipp Humm also is to testify, according to the news release. The witness list also included Gigi Sohn, founder of Washington-based Public Knowledge, who has called the combination “unthinkable;” Larry Cohen, president of the Communications Workers of America, which supports the deal; and Victor “Hu” Meena, chief executive officer of Ridgeland, Mississippi-based wireless provider Cellular South.
To contact the reporter on this story: Todd Shields in Washington at firstname.lastname@example.org.
To contact the editors responsible for this story: Allan Holmes at email@example.com.