Connect with us

Business

T-Mobile and Sprint Announce Merger

I know when that hotline bling, it could only mean one thing.

Published

on

After years of painstaking negotiation processes, cell phone carrier giants T-Mobile and Sprint have decided to officially merge.

In a press conference held on Sunday, T-Mobile Chief Operating Officer John Legere said that the combination of the two companies will “build the world’s best 5G network.”

The new company, taking on the name of T-Mobile, will be based in Bellevue, Washington. While Legere will continue serving as the CEO for the merger, Marcelo Claure, the CEO of Sprint, will serve on the board of directors. Looking ahead for the plans of the merger, the new T-Mobile seeks to innovate better 5G technology to spur American jobs and utilize innovation to provide better connectivity across the world.

“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 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.”

A merger between the two was attempted in 2014, but Sprint abandoned its plans to buy T-Mobile. In response, Legere persisted on Twitter, urging Sprint to unify with T-Mobile before “the Sprint bus crashes.”

In order for the deal to be finalized, it still has to be approved by the Justice Department and the Federal Communications Commission, to determine whether or not the merger is in the public’s best interest and whether it violates any crucial antitrust laws. If the merger is finalized, which both companies anticipate a completion by the first half of 2019, there would only remain three major cell phone carriers in the United States – T-Mobile, Verizon and AT&T.

 

Are you looking for digital journalism training and experience? Are you a journalism major who wants to take your career to the next level? CMN’s Digital Journalism course gives you real-time experience, intense feedback on your writing, exposure to journalism influencers and mentors, and a great place to display your work. You can get academic credit too. Check out the Digital Journalism Course here.

Julia is an undergraduate student at the University of California, Riverside, studying Public Policy with an emphasis in Social and Cultural Policy. While she’s currently on a gap year to help with Hurricane Harvey relief, Julia is a 5x author, a contributor for the Los Angeles Times, and frequent visitor of Disneyland. You can contact her at juliaschemmer@gmail.com.

Sign up for the Morning Scoop

and wake up with us each day.

CMN Reports

Government4 days ago

Bernie Sanders is Running for President in 2020

The Bern is coming back in 2020.

by , The Catholic American University
Government5 days ago

Utah Congressman Creates an Anti-Socialism Caucus in Congress

Is the Red Scare making a comeback in the 21st century?

by , The Catholic American University
Government1 week ago

Former Astronaut Mark Kelly Will Run for Senate in 2020

If elected in 2020, Kelly will become fourth-ever American astronaut elected to Congress.

by , The Catholic American University
Government3 weeks ago

Gen Z Alongside Millennials Prefer Socialism Than Capitalism

The kids are all left-wing.

by , The Catholic American University
Government2 months ago

New Year, New Laws for 2019

New year means new laws.

by , The Catholic American University
Equality2 months ago

Nancy Pelosi Elected Speaker of the House

Democrats continued to control the House on Thursday by electing Nancy Pelosi who returned to be the first woman to...

by , Mercy College
Government2 months ago

The House to Approve Legislation of Reopening of the Government

Late Thursday night, the new Democratic House passed bills that would reopen the government without paying for Trump’s border wall....

by , Mercy College
Government2 months ago

Elizabeth Warren Announces She is Running for President in 2020

On New Years Eve, Senator Elizabeth Warren, (D) Massachusetts, announced that she will become a candidate to enter the 2020...

by , Mercy College

Top Reads