After a year and a bit of talking, not talking, talking again, not talking again, and finally talking, Sprint and T-Mobile have agreed to merge as one company known as T-Mobile. The $26.5 billion all stock transaction still has to be approved by the Federal Communications Commission (FCC) here in the United States but it is likely to happen. The new merged company will put serious pressure on the two biggest mobile carriers here in the US, AT&T and Verizon, as the new company will be focused on delivering 5G.
“This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and a second-to-none network experience – and do it all so much faster than either company could on its own,” said John Legere. “As industry lines blur and we enter the 5G era, consumers and businesses need a company with the disruptive culture and capabilities to force positive change on their behalf.”
The merged company is expected to be a boon for consumers too. It is likely that plans will drop for existing Sprint customers as the companies come together over the course of 2018.
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