Get The Sprint and T-Mobile Expansion Update
Catch Up On The Sprint and T-Mobile Merge
It’s been said that 5G will be the next technological revolution. That’s a very bold statement, and if it holds true – how do today’s mobile companies plan to handle it?
According to T-Mobile, with the new Sprint and T-Mobile merger, the company will accelerate the country’s position, deploying a broad and deep nationwide 5G network – delivering unprecedented services and lower prices across all parts of the U.S. The new Un-carrier strategy will bring sustainable competition into the marketplace, creating new jobs and delivering LTE network benefits from day one. 5G will open up exciting possibilities to replace in-home broadband and deliver real choice and real savings to consumers everywhere, especially in rural America.
Via Twitter in April 2018, T-Mobile CEO John Legere announced the merger and explained some of the details about the formal application to the Federal Communications Commission for June 18th, officially beginning the regulatory review process of the $26 billion deal. The merger of T-Mobile and Sprint, the third and fourth largest carriers in the U.S., has been in the works for several years, and it looks like it could be finalized very soon.
T-Mobile Chief Financial Officer, J. Braxton Carter stated, that while the deal is likely to close in the second quarter of 2019, it’s possible that things could move along even quicker and the deal could close in the first quarter.
“The only remaining thing that is happening is depositions with the Department of Justice, which have started and will be completed in a few weeks,” Carter said at a conference in Barcelona in mid-November.
In June of last year, Sprint and T-Mobile announced additional steps taken to work towards making the merger a reality by filing a Public Interest Statement (PIS) with the FCC. The PIS includes a variety of statements by both Sprint and T-Mobile as to why the merger should be approved. At the forefront of that is building a “world-class nationwide 5G network” that’s promised to surpass Verizon and AT&T.
The PIS goes on to ensure that the “New T-Mobile” will not only bring rural Americans better broadband coverage with improved signal quality and increased network capacity, but that consumers will also pay less and receive more. Sprint and T-Mobile customers could see a 55 percent decrease per gigabyte and 120 percent increase in cellular data supply.