Engagements

Sprint and T-Mobile merger

CRA consultants advised Sprint as it sought regulatory approval of its merger with T-Mobile. CRA economists provided analyses related to coordinated effects and vertical foreclosure effects in the context of the merger’s review by the Federal Communications Commission, and provided expert opinions regarding Sprint’s financial condition absent the merger as part of the merger’s review by the Department of Justice and as part of the challenge to the merger by state attorneys general in federal district court.

On April 1, 2020 the two firms announced the completion of the merger after a federal judge for the District of Columbia concluded that the merger between T-Mobile and Sprint, subject to remedies, is in the public interest. CRA’s team was led by Professor Steven Salop, Mukarram Attari, and Yianis Sarafidis, and included Serge Moresi, David Reitman, Josh Lustig, Assen Koev, and Sam Lynch.

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