T-Mobile and Sprint finally merge

Today the third and fourth largest wireless carriers in the nation announced to merge as part of a 26 billion dollar deal. The goal behind this merger is to great a real true third player in the American wireless industry. These two companies combined should be able to leverage there new size to effectively compete with Verizon and AT&T. As a result of this merger the sprint brand will cease to exist. T-Mobile will be absorbing Sprint, and will remain a wholly owned Deutsche Telekom. Deutsche Telekom is the leading mobile carrier in Germany. The current owners of Sprint will be given seats on the new companies board along with the current CEO Marcelo Claure. The current owner of Sprint is SoftBank. This merger brings to an end years of flirting and hinting at a merger. This merger is said to “Supercharge” the existed network. The combined network would network would have around 128 millions connections. This places the network right in the middle between AT&T and Verizon. But while this deal is in place, it does have to go through approvals and anti-trust rulings so there is a chance this deal could still fall through. If it doesn’t though, it will sure shake up the American wireless industry and potentially actually increase competition for customers.

 

https://www.cnet.com/news/t-mobile-sprint-will-finally-get-hitched-in-26b-mega-mobile-deal/

Leave a Reply