On the surface, it almost resembles a sketch on Saturday Night Live. But, in reality, there’s nothing funny or make-believe when it comes to Sprint CEO Dan Hesse’s war-room.
The Sprint chief is lining up what he calls “nukes” to help derail AT&T’s proposed acquisition of T-Mobile USA.
Dan Hesse’s White Room is closely guarded even within Sprint Nextel Corp. The chief executive officer carries the only key and draws black curtains over his scribblings before leaving. This is where Hesse retreats to map out “nukes” in red, blue and green ink, lately his tactics for stopping AT&T’s proposed takeover of T-Mobile USA.
“Clearly, purely, we want to win and block the merger,” Hesse admitted in his room that eerily conjures the essence of strategic military planning.
In an interview this week with Bloomberg, Hesse not only stated the obvious – that he opposes the merger – but that he’s also poised to be as aggressive as he needs to be when it comes to trying to block the merger.
“The industry just won’t be as innovative and as dynamic as it has been,” Hesse says, describing the consequence of the merger being allowed to transpire. “It’ll gum up the works when everything has to go through these two big tollbooths, one that’s called AT&T and one that’s called Verizon.”
Late last March, AT&T announced a definitive agreement to acquire T-Mobile USA Deutsche Telekom for $39 billion in cash and stock combo. Ever since, all we’ve heard about are the regulatory roadblocks that AT&T will have to clear.
But from the looks of it, Sprint also has some roadblocks planned for AT&T’s journey down regulatory road.