Back in 2017, T-Mobile and Sprint ceased discussions to merge into a single entity since they could not find mutually agreeable terms. But last year, both the companies agreed to merge in a deal valued at US$146 billion. In similar lines, now, the Department of Justice has approved T-Mobile and Sprint merger to create the new T-Mobile. T-Mobile and Sprint have taken an important step in towards completing their proposed merger and under this merger, Boost Mobile, Virgin Mobile, and Sprint prepaid business will need to be divested to Dish. The New T-Mobile will divest Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets to DISH. Also, T-Mobile and Sprint have to make available at least 20,000 cell sites and hundreds of retail locations to DISH and must also provide DISH with robust access to the T-Mobile network for a period of seven years while DISH builds out its own 5G network. With this merger, Sprint customers will become T-Mobile customers and Boost Mobile, Virgin Mobile and Sprint prepaid customers will soon become Dish Network customer. Commenting on this, John Legere, T-Mobile CEO and New T-Mobile CEO said: The T-Mobile and Sprint merger we announced last April will create a bigger and bolder competitor than ever before – one that will deliver the most transformative 5G network ...
Friday 26 July 2019
T-Mobile and Sprint merger approved by US Department of Justice
Back in 2017, T-Mobile and Sprint ceased discussions to merge into a single entity since they could not find mutually agreeable terms. But last year, both the companies agreed to merge in a deal valued at US$146 billion. In similar lines, now, the Department of Justice has approved T-Mobile and Sprint merger to create the new T-Mobile. T-Mobile and Sprint have taken an important step in towards completing their proposed merger and under this merger, Boost Mobile, Virgin Mobile, and Sprint prepaid business will need to be divested to Dish. The New T-Mobile will divest Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets to DISH. Also, T-Mobile and Sprint have to make available at least 20,000 cell sites and hundreds of retail locations to DISH and must also provide DISH with robust access to the T-Mobile network for a period of seven years while DISH builds out its own 5G network. With this merger, Sprint customers will become T-Mobile customers and Boost Mobile, Virgin Mobile and Sprint prepaid customers will soon become Dish Network customer. Commenting on this, John Legere, T-Mobile CEO and New T-Mobile CEO said: The T-Mobile and Sprint merger we announced last April will create a bigger and bolder competitor than ever before – one that will deliver the most transformative 5G network ...
