Just in case the federal government fails to stop AT&T (NYSE: T) from acquiring T-Mobile, Sprint (NYSE: S) has decided to file its own antitrust lawsuit in hopes of keeping the companies separate. The suit, which was filed Tuesday in federal court, will be considered alongside a similar suit filed by the Department of Justice.
Sprint’s press release drew from many of the same arguments that it has been making for months in opposition to the proposed $39 billion merger, which would combine the second-largest and fourth-largest wireless carriers in the U.S. to make AT&T the top dog. “With today’s legal action, we are continuing that advocacy on behalf of consumers and competition, and expect to contribute our expertise and resources in proving that the proposed transaction is illegal,” Susan Haller, vice president of litigation at Sprint, said in announcing the lawsuit.
It’s another headache for AT&T, but one that it probably saw coming. The DOJ filed its own lawsuit last week to stop the merger citing the anticompetitive effects that it believes would emerge from the combination of the two companies. Sprint argued in its release that the combined AT&T/T-Mobile would “harm retail consumers and corporate customers by causing higher prices and less innovation.”