Editorial Board
Let Sprint Buy T-Mobile
It's counterintuitive, but consolidation among mobile-phone carriers can actually lead to lower prices.
Is the singularity finally approaching? In the U.S. telecommunications industry, at least, it looks that way.
In the latest merger-in-the-making, Sprint Corp. has proposed acquiring scrappy underdog carrier T-Mobile US Inc. in a deal valued at about $31 billion. That would leave just three major players in the U.S. mobile-phone market -- an understandable concern for regulators, who seem likely to block the merger in the name of encouraging low prices and preserving competition.