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 Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...