Sprint Can Survive Without T-Mobile, Ex-CEO Claure Testifies
- Claure was questioned in the antitrust trial over the deal
- Other executives have said Sprint will fail without a merger
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Former Sprint Corp. Chief Executive Officer Marcelo Claure testified a merger with T-Mobile US Inc. was not necessary for the company’s survival, contradicting other executives who have appeared as witnesses in the New York antitrust trial that will decide if the deal goes forward.
Attorneys general from a dozen states argue the $26.5 billion merger should be blocked because it will illegally harm competition by erasing one of the four big U.S. wireless companies. The companies say the deal is good for consumers because, among other things, it will save Sprint from its dire financial and competitive outlook.