Until the deal is completed, which the carriers said they hoped would be by July of next year, they must continue to compete. A spokesman for AT&T declined to comment, while a spokesman for Verizon said in a statement that it was focused on building its own 5G network, “not just a proposal that may or may not happen in the next couple of years.”įor the moment, consumers are unlikely to see much change, apart from an agreement by Sprint and T-Mobile that customers of either company could use the other company’s network. It is unclear how hard Verizon and AT&T will try to fight the deal, if they will at all. (Or, as the colorful Legere put it, the transaction would help it better compete against the companies that he has previously referred to as “dumb and dumber.”) 31, would put it ahead of AT&T, with 93.6 million, and not far behind Verizon’s 116.3 million. A combined T-Mobile and Sprint, with almost 100 million retail subscribers as of Dec. Putting together the country’s third- and fourth-largest mobile service providers would be one of the most significant consolidations in the U.S. Public shareholders would own the remainder. SoftBank of Japan, which controls Sprint and whose founder, Masayoshi Son, has long dreamed of merging the two carriers, would own 27 percent. Under the terms of the deal - the companies described it as a merger but T-Mobile would effectively be buying Sprint for about $26.5 billion - T-Mobile’s controlling shareholder, Deutsche Telekom, would own 42 percent of the combined company. Legere added that they did not try to “pre-sell” the transaction, although they said they had called officials at both the Federal Communications Commission and the Justice Department to inform them of the agreement before it was officially announced. In an interview, Legere said that he and Claure planned to head to Washington this week. The heads of the two companies acknowledged that winning over regulators was a top priority. He added that the deal “allows this company to offer the best product at better prices, lower prices.” “All the stars have aligned,” Marcelo Claure, Sprint’s chief executive, said in an interview. And thanks to the recent tax cuts, the companies said, they would have the financial means to keep prices low for their consumers. The two companies also contend that the wireless business is changing, with new competitors like Comcast finding ways to enter the mobile sector. A combination, they argue, would allow them to create a better so-called 5G network than either company could alone, at a time when the White House views a 5G wireless network as crucial for the country’s economic and national security. This time, the two companies have a very specific message for the Trump administration. They were effectively blocked four years ago by regulators in President Barack Obama’s administration who worried that shrinking the market for wireless providers would give consumers fewer choices and lead to higher prices. Sprint and T-Mobile have tried unsuccessfully to merge before. Lock in iPhone trade-in value up to $800 every two years.But for consumer advocates and regulators, the big questions are these: Will there be enough competition with one fewer national wireless carrier? And will prices go up? T-Mobile 5G Network, T-Mobile Magenta MAX, Apple iPhone 13 Pro, Apple iPhone 13
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