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Sprint (S +2.5%) CEO Dan Hesse says he believes that AT&T's (T -0.6%) plan to take over...

Mar. 22, 2011 4:26 PM ETSprint Corporation (S) StockT, VZ, DTEGY, SBy: Carl Surran, SA News Editor4 Comments
Sprint (S +2.5%) CEO Dan Hesse says he believes that AT&T's (T -0.6%) plan to take over T-Mobile (OTCQX:DTEGY) would stifle innovation and hurt consumers. He gets support from consumer groups who worry that the deal would effectively render Verizon (VZ) and AT&T a duopoly: "They can totally cream the other guys... for consumers, [prices] will go up."

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