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.

 

Did you enjoy this article? Consider supporting College Media Network's mission to support the next generation of journalists. For as little as $2 a month, you can help keep our site ad-free and the future of journalism alive. Go here to donate.

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

2018 Midterms1 day ago

House Democrats in Washington Forming a Medicare-for-All Congressional Caucus

Could this be a big enough step toward universal healthcare?

by , The Catholic American University
Equality2 days ago

First Signing Starbucks in America to Open in Washington, D.C.

A huge step in consumer and employment opportunities for the deaf community.

National News2 days ago

Steam Pipe Explodes in Manhattan

Smoke hovering in Manhattan is a traumatizing sight.

by , Senior Editor
National News3 days ago

Trump Is Changing the Colors of Air Force One

Because the Kennedy's were not patriotic enough, right?

by , Senior Editor
National News3 days ago

American University on Lockdown

American University is on lockdown after armed man is reported near campus.

by , American University
Equality4 days ago

10 Black Washington University Students Falsely Accused of Leaving IHOP Without Paying

"The fact that these 10 students, all of whom are African American, were scared and humiliated is unacceptable to us"...

by , American University
Academics5 days ago

Keynote Speakers Highlight Importance of Diversity at College Journalism Workshop

Some important reflections on an important topic.

by , Virginia Commonwealth University
National News6 days ago

Teen Who Urged Boyfriend’s Suicide Through Text Says It Was Free Speech

Apparently, the First Amendment extends to telling your boyfriend to get back into the truck and kill himself.

by , Penn State University

Top Reads