REUTERS

Sprint and Tidal: Expanding the planes of competition

The ink is not yet dry on Ajit Pai’s promotion to Chairman of the Federal Communications Commission (FCC). But the market is already responding to an anticipated relaxation of the regulatory environment, in ways that will benefit consumers. Earlier this week, Sprint announced that it will purchase part of streaming music service Tidal, giving its subscribers access to exclusive content. This is the type of deal that might have raised eyebrows under the previous administration, but is good for competition in both wireless and edge markets.