On July 25, 2011, AT&T submitted to the Federal Communications Commission a new economic model meant to justify its proposed takeover of T-Mobile USA. In response, Vonya B. McCann, senior vice president of Government Affairs for Sprint (NYSE: S), issued the following statement:
"AT&T's 'do-over' submission is a last-ditch attempt to distract regulators, politicians and consumers from the fact that it has failed to provide any evidence that its proposed takeover of T-Mobile yields meaningful benefits. Its latest model, clearly constructed with predetermined results in mind, does nothing to change the negative consequences of the takeover for consumers in the form of higher prices, reduced innovation and decreased investment. The facts do not justify allowing that to happen, and we believe the ongoing investigations by the Department of Justice, the Federal Communications Commission and 11 state attorneys general and various state regulatory commissions will reach the same conclusions."
