T-Mobile in talks with authorities to close Sprint merger by 2020

By Akshay Kedari  Date: 2019-10-29

T-Mobile in talks with authorities to close Sprint merger by 2020

T-Mobile is globally known for its robust customer support and innovative offerings. The company is currently connecting 99% of Americans with its LTE network and is planning to expand its 5G network all over the nation.

However, recently the company made it to headlines when it revealed gaining more than 1.7 million customers in its Q3, making it the 26th consecutive quarter that had over 1 million net additions. At the current moment, T-Mobile has a cumulative of 84.2 million customers, which takes it one step closer to rivals Verizon and AT&T.

Reportedly, the wireless carrier had generated $11.1 billion in total revenue, a figure that is very much close to the forecasted revenue by Wall Street analysts. However, the firm made a profit of $870 million, which is 9 percent more than analysts expectation. T-Mobile also hopes to expedite its merger with Sprint, bringing it closer to early 2020.

Speaking on which, John Legere, CEO, T-Mobile, said that their firm is in talks with state attorneys general, insisting them to settle the remaining legal complications that are restricting the finalization of Sprint merger. Moreover, T-Mobile has laid out a detailed integration plan, that includes a strategy to initiate Sprint’s 2.5 GHz wireless spectrum.

Recently, The Federal Communications Commission also joined the U.S. DOJ (Department of Justice) in approving the merger, which was prior announced in April 2018.

Sources cite that the merger would allow T-Mobile to aggressively compete against AT&T and Verizon in the developing 5G wireless market. Also, in a bid to further develop its market presence, T-Mobile has come up with a new plan, known as the Magenta First Responder, which is tailored to give discounts to early users and their families.

Apparently, the plan would provide a 50% discount to local and state law enforcement officers, EMS personnel and firefighters. Moreover, the discounted plan would still comprise of all features from regular Magenta including 3GB high-speed mobile hotspot and a Netflix Basic subscription plan.

Source Credit: https://www.geekwire.com/2019/t-mobile-adds-1-7m-customers-says-now-expects-sprint-merger-close-early-2020/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Google to offer cyber insurance to cloud users with Munich Re, Allianz

Google to offer cyber insurance to cloud users with Munich Re, Allianz

By Akshay Kedari

Google, Allianz, and Munich Re have teamed up to launch a Risk Protection Program. This program intends to reduce cloud security risks and provide cyber insurance designed for Google Cloud users. Google Cloud, Munich Re, Allianz Global Corporat...

Space startup GITAI secures USD 17.1 million in Series B funding round

Space startup GITAI secures USD 17.1 million in Series B funding round

By Akshay Kedari

Japanese space technology startup GITAI has reportedly secured UDS 17.1 million through a Series B funding round which was led by SPARX Innovation from Future Co. Ltd. The round also saw participation from DCL Venture Growth Fund, EP-GB (Epson’...

Williams Racing and Acronis extend their cyber protection partnership

Williams Racing and Acronis extend their cyber protection partnership

By Akshay Kedari

Williams Racing, a British Formula One motor racing team, has announced to have renewed its technology partnership with a Switzerland-based leading cyber protection and software company Acronis International GmbH. As a part of the Official Cyber Pro...

Tesla planning to set up EV manufacturing facility in Karnataka, India

Tesla planning to set up EV manufacturing facility in Karnataka, India

By Akshay Kedari

American electric car company Tesla Inc. has reportedly signed an agreement to manufacture its electric vehicles in Karnataka, India after announcing an entry into the South Asian country in 2021. The company had established its Indian subsidiary cal...

Pandemic forces Heineken to recoup profits by cutting 8000 jobs

Pandemic forces Heineken to recoup profits by cutting 8000 jobs

By Akshay Kedari

The Dutch brewing company, Heineken N.V., has recently revealed its plans to cut around 8000 jobs in an attempt to restore its operating margins after it witnessed a sharp decline in its profit trajectory amid the COVID-19 pandemic. Moreover, it will...