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- Sprint Corporation and T-Mobile US merged in 2020 in an all shares deal for $26 billion. The deal was announced on April 29, 2018. After a two-year-long approval process the merger was closed on April 1, 2020, with T-Mobile emerging as the surviving brand. The Sprint brand was discontinued by T-Mobile on August 2, 2020.
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As T-Mobile emerges as the newly combined company’s flagship brand in retail, the majority of Sprint stores have been updated with T-Mobile branding and a fresh coat of magenta paint, and most T-Mobile branded stores can serve both Sprint and T-Mobile customers.
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Apr 1, 2020 · Bellevue, Washington and Overland Park, Kansas – April 1, 2020 – T-Mobile US Inc. (NASDAQ: TMUS) announced today that it has officially completed its merger with Sprint Corporation to create the New T-Mobile, a supercharged Un-carrier that will deliver a transformative 5G network.
Aug 31, 2020 · T-Mobile successfully acquired Sprint as of April 1, becoming one company and effectively bringing the total number of major US cell carriers from four down to three. At least for now. And as of...
- Why A Merger?
- Why Now?
- Why Has The Merger Dragged on?
- What's The Deal with Satellite TV Provider Dish?
- Why Would Dish Want to Strike A Deal with T-Mobile?
- So Dish Will Be A New Fourth Carrier?
- What Has T-Mobile Promised The FCC It Will do?
- What's It All Mean For Me?
- So Prices Could Go Up?
- What Happens to Existing Service Plans?
T-Mobile and Sprint have long courted each other. The logic is simple: Verizon and AT&Tare far bigger than either of the two companies. A merger would create a stronger competitor.
Actually, T-Mobile and Sprint tried twice before. In 2014, Sprint parent SoftBankfloated the idea of a deal with T-Mobile, but regulators and the White House were keen on keeping four national competitors. The current administration and the FCC have been more open to deals, which is why both sides got close to an agreement in 2017. The deal fell ap...
The deal won the backing of the FCC and the Justice Department last year, but attorneys general from 14 states and the District of Columbia, led by New York Attorney General Letitia James and California Attorney General Xavier Becerra, banded together in a multistate lawsuit to stop it, arguing the merger would "deprive consumers of the benefits of...
To get the Justice Department to sign off on the merger, Dish agreed to buy Sprint's prepaid brand Boost and acquire some wireless spectrum. The deal also gives Dish access to T-Mobile's network for seven years while Dish builds its own 5G offering. The whole purpose of this agreement is to create another nationwide carrier that could compete with ...
While Dish already owns billions of dollars worth of its own spectrum, the company has yet to build its own wireless network. Some have accused the company of hoarding valuable wireless spectrum. Prior to the announcement of the deal, Dish hadn't made a major announcement about the plans for its spectrum. Prior to this deal, Dish had until March 20...
Yes. Though it's unclear what the service will look like beyond utilizing Sprint's prepaid business and retail stores. Under the deal, Dish will pay $1.4 billion for the prepaid businesses and $3.6 billion for the 800MHz spectrum, which is coveted because it has great range and can go through walls, even if it can't carry super-high speeds. Dish al...
In May 2019, T-Mobile negotiated a deal with the FCC that promised 5G coverage to nearly all of the US. It included build-out requirements to ensure 5G deploymentin rural communities, a promise to offer wireless home broadband that could substitute for a wireline, and the divestiture of Boost Mobile. Specifically, as part of the FCC's deal, the new...
That's the $26 billion question. T-Mobile and Sprint promise a combined network that'll deliver better service at lower prices. They argue that their combined scale would help them build out a faster, more efficient network. But consumer advocacy groups disagree. "This deal will be most harmful to the two carriers' poorer and more urban customer ba...
That's what the Democrats on the FCC, who voted against approving the merger, have argued. In her statement following the FCC's official vote, Jessica Rosenworcel, a Democrat, arguedthat "overwhelming evidence demonstrates that the T-Mobile-Sprint merger will reduce competition, raise prices, lower quality and slow innovation." "We've all seen what...
T-Mobile's Sievert declined to comment on what the companies plan to do with many of the ultra-competitive grandfathered plans that customers have clung to. T-Mobile has generally been good about honoring existing plans within its own service, but it's unclear what it would do with Sprint's plans.
On July 26, 2019, the U.S. Department of Justice approved T-Mobile's $26 billion merger with Sprint after the two carriers reached an agreement to sell Boost Mobile, Virgin Mobile, (both owned by Sprint) and Sprint's branded prepaid business for $1.4 billion to Dish Network.
Aug 12, 2020 · Sprint is now officially a T-Mobile company and the two brands are joined under the name "The New T-Mobile" and will trade under the "TMUS" symbol. John Legere was initially planned to...
Apr 22, 2023 · Three years ago this month, T-Mobile's merger with Sprint was finalized, and the list of top carriers in the US shrank from four to three. At the time, T-Mobile made promises that the...
