Department of Justice Approves $26B Merger of T-Mobile and Sprint

Following more than a year of regulatory scrutiny, the U.S. Department of Justice today announced that it has approved the $26 billion merger of T-Mobile and Sprint, although with several conditions attached.

tmobile sprint logos
T-Mobile and Sprint will join together as "New T-Mobile" to become a dominant third carrier in the United States alongside Verizon and AT&T. Together, the companies have committed to building out a nationwide 5G network covering 97 percent of the U.S. population within three years and 99 percent within six years.

T-Mobile and Sprint earlier promised that they will not raise prices for three years following the completion of the merger.

Under the terms of the proposed deal, T-Mobile and Sprint must divest a substantial package of assets to Dish Network, including Sprint's prepaid subsidiaries Boost Mobile and Virgin Mobile and some 800MHz spectrum. Dish will also gain access to at least 20,000 cell sites and hundreds of retail locations.

The deal paves the way for Dish to become the fourth nationwide facilities-based wireless carrier in the United States, ensuring a competitive landscape. Dish has announced that it plans to deploy a 5G broadband network capable of serving 70 percent of the U.S. population by June 2023.

FCC chairman Ajit Pai:

I am pleased that the U.S. Department of Justice has reached a settlement with T-Mobile and Sprint. The commitments made to the FCC by T-Mobile and Sprint to deploy a 5G network that would cover 99% of the American people, along with the measures outlined in the Department's consent decree, will advance U.S. leadership in 5G and protect competition.

T-Mobile CEO John Legere:

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 in the country, lower prices, better quality, unmatched value and thousands of jobs, while unlocking an unprecedented $43B net present value in synergies. We are pleased that our previously announced target synergies, profitability and long-term cash generation have not changed.

The merger remains subject to remaining regulatory approvals and certain other customary closing conditions. Additionally, a number of states filed an antitrust lawsuit in U.S. federal court in June to block the proposed transaction; that lawsuit remains on the docket and must be resolved before the merger can go forward.

Regardless, T-Mobile and Sprint expect to receive final federal regulatory approval in the third quarter of 2019 and anticipate that the merger will be permitted to close by the end of the year.

Top Rated Comments

alphaod Avatar
26 months ago
Expect higher prices for everyone, regardless of what they claimed to make this deal happen.
Score: 33 Votes (Like | Disagree)
Aston441 Avatar
26 months ago
Yes! This will help bring some real competition against Verizon and AT&T as the merged T-Mobile will be better equipped for 5G deployment and infrastructure. Besides, if you haven’t noticed prices have been climbing across the board anyways
Sorry you missed that class in Econ 101. lol
[doublepost=1564160882][/doublepost]
3 yrs from now....price goes at least 25% higher, You heard it now.
I laugh at your optimism.
[doublepost=1564161096][/doublepost]Oligopoly is not permitted in Europe, the way it is here. That's why last time I was there I stuck a SIM card in my iPhone, that I bought at the drugstore, that gave me unlimited 4G data and unlimeted calling for EIGHT UNITED STATES DOLLARS.

Anyone who thinks this merger is good for anyone except a few super wealthy people is beyond salvageable.
Score: 15 Votes (Like | Disagree)
eric89074 Avatar
26 months ago
As long as Legere stays in charge I'm ok. If he leaves any time soon look out below...
Score: 14 Votes (Like | Disagree)
twocents Avatar
26 months ago
Yes! This will help bring some real competition against Verizon and AT&T as the merged T-Mobile will be better equipped for 5G deployment and infrastructure. Besides, if you haven’t noticed prices have been climbing across the board anyways
Score: 12 Votes (Like | Disagree)
Swift Avatar
26 months ago
Is it going to be the same company, with the Unlimited plans, and the friendly deals? Or will you become a Verizon?
Score: 10 Votes (Like | Disagree)
Breaking Good Avatar
26 months ago
This seems like a win-win for everyone. There will be a new, budget carrier and T-Mo and Sprint will be able to create enough critical mass to rollout 5G. So we will still have four cellular carriers in the U.S. and three nationwide 5G networks.
Score: 10 Votes (Like | Disagree)

Top Stories

AirPods Pro Beta Firmware

AirPods Pro Beta Firmware Now Available

Wednesday July 21, 2021 6:50 am PDT by
Upcoming AirPods Pro firmware updates are now available to Apple Developer Program members as beta versions. AirPods Pro firmware beta one features FaceTime Spatial Audio and Ambient Noise Reduction. Custom Transparency mode, including Conversation Boost, was initially expected to be included in the beta but appears to have been delayed for a later version. Apple made the announcement...
maxresdefault

Apple Music to Livestream Premiere of Kanye West's New Album 'Donda' on Thursday

Wednesday July 21, 2021 1:49 am PDT by
Apple Music on Thursday will host a global livestream for the premiere of Kanye West's tenth studio album, titled "Donda." The sold-out event will take place at the Mercedes-Benz Stadium in Atlanta, Georgia, and Apple Music's livestream will start at 8:00 p.m. Eastern Time. The livestream was revealed in a Beats Studio Buds ad that aired during the NBA Finals. The ad features U.S. track...
General Apps Messages

All Three Major U.S. Carriers and Google Adopt Rich Communication Services, But No Sign of Apple Interest

Tuesday July 20, 2021 1:15 pm PDT by
For the last several years, Google has been pushing a new communications protocol called Rich Communication Services, or RCS. RCS is designed to replace SMS, the current text message standard, and it offers support for higher resolution photos and videos, audio messages, bigger file sizes, better encryption, improved group chat, and more. Verizon today announced that it is planning to adopt...
ios wifi settings

Apple Confirms iOS 14.7 Fixes WiFi Bug and Many Other Vulnerabilities

Wednesday July 21, 2021 11:38 am PDT by
Following the release of iPadOS 14.7 this morning, Apple has shared details on the security updates that are included in iOS 14.7, iPadOS 14.7, macOS Big Sur 11.5, watchOS 7.6, and tvOS 14.7, all of which came out this week. Notably, Apple's documentation confirms that the iOS 14.7 and iPadOS 14.7 updates address a WiFi-related vulnerability that could impact iOS devices when joining a...
macOS Malware Feature

Common Windows Malware Can Now Infect Macs

Wednesday July 21, 2021 8:13 am PDT by
A common form of malware on Windows systems has been modified into a new strain called "XLoader" that can also target macOS (via Bleeping Computer). Derived from the Formbook info-stealer for Windows, XLoader is a form of cross-platform malware advertised as a botnet with no dependencies. It is used to steal login credentials, capture screenshots, log keystrokes, and execute malicious files. ...
macOS Big Sur Feature Orange

Apple Releases macOS Big Sur 11.5 With Podcast App Updates and Bug Fixes

Wednesday July 21, 2021 10:15 am PDT by
Apple today released macOS Big Sur 11.5, the fifth major update to the macOS Big Sur operating system that launched in November 2020. macOS Big Sur 11.5 comes two months after the release of macOS Big Sur 11.4. The new ‌‌‌‌‌macOS Big Sur‌‌‌‌ 11.5 update can be downloaded for free on all eligible Macs using the Software Update section of System Preferences. macOS Big Sur...
idos 2 app ios

Apple to Pull 'iDOS 2' DOS Emulator From App Store

Thursday July 22, 2021 3:22 pm PDT by
iDOS 2, an app designed to allow users to play classic DOS games, will soon be pulled from the App Store, the app's creator said today. According to iDOS developer Chaoji Li, he tried to submit an iDOS update with bug fixes to the App Store, but was told that the update was rejected because it violated the 2.5.2 App Store guideline that says apps cannot install or launch executable code.Durin...
airpods 3 gizmochina Feature

AirPods 3 Rumored to Launch Alongside iPhone 13 at Expected September Event

Friday July 23, 2021 12:54 am PDT by
The third-generation AirPods will likely launch at the same event revealing Apple's upcoming iPhone 13 lineup, according to a report from DigiTimes, which makes the claim citing sources familiar with the matter. The report as a whole echoes previous reporting that production of the third-generation AirPods will kickstart in August, meaning a launch shortly after can be easily expected. DigiTi...
iPad mini pro feature

Next-Generation iPad Mini Will Reportedly Feature a Mini-LED Display

Thursday July 22, 2021 9:03 am PDT by
Apple is widely rumored to be planning a new iPad mini with a significant redesign, including a larger 8.5-inch to 9-inch display with slimmer bezels, a Touch ID power button instead of a home button, a USB-C port instead of a Lightning connector, and more. According to a paywalled preview of a DigiTimes report today, the sixth-generation iPad mini will also feature a mini-LED display:BLU...
airpods 3 gizmochina Feature teal

AirPods 3 Mass Production Said to Kick Off in August

Tuesday July 20, 2021 8:40 pm PDT by
Mass production of the third-generation AirPods will kick off in August, according to a new report from Nikkei Asia. They will reportedly join a number of other products such as the iPhone 13 lineup and redesigned MacBook Pro models as launches coming before the end of the year. Renderings of rumored third-generation AirPods design Rumored launch dates for the third-generation AirPods have...