Thursday, 18 April, 2019


Mobile promises the Sprint merger won't drive up prices… for now

T-Mobile CEO John Legere CES 2017 Mobile promises the Sprint merger won't drive up prices… for now
Melba Vasquez | 08 February, 2019, 21:24

The company, the third-largest US wireless carrier by subscriber count, is awaiting approval of its deal to buy smaller rival Sprint Corp as it strives for more scale to compete with bigger rivals Verizon Communications Inc and AT&T Inc.

"We are thrilled that T-Mobile has committed to bringing 1,000 jobs to Monroe County pending the company's proposed merger with Sprint".

Most importantly, the merger with Sprint will enable T-Mobile to "break down this traditional trade-off that consumers have always been forced to make, which is: 'Do you want a good deal or do you want the best network?'" he said. My management team and I can make this personal commitment because we believe in delivering on our promises, and we know if we do not, we will lose credibility and the trust of our customers.

T-Mobile continues to beat its rivals at attracting new customers as it bides its time awaiting the closure of its merger with Sprint.

Sprint and T-Mobile argue a merger is necessary in order to compete against larger rivals Verizon and AT&T, and say the planned investments in fifth-generation wireless technology - which promises broadband speeds without a hardwire connection - will eventually lower costs for consumers.

The pledge comes a week before two committees in the House of Representatives - Energy and Commerce and Judiciary - hold a joint hearing to discuss the transaction. The FCC and the Department of Justice are among the agencies that must approve the deal.

In its more detailed proposal, T-Mobile (tmus) said it might raise prices under some circumstances it termed "not within the control" of the merged company.

Shares of T-Mobile were down 3.69 percent as of 4:04 p.m. ET on Tuesday, while shares of Sprint were down 6.09 percent.

A broad claim like that sounds good on paper, but Legere went a step further near the end of his letter, promising the FCC that, for the next three years, New T-Mobile's rates will be "the same or better" as what either T-Mobile or Sprint now offer. A T-Mobile and Sprint store sit side-by-side in a strip mall on April 30, 2018 in El Cerrito, California.

For the past four years, T-Mobile and Sprint have been trying to merge together.

Recommended

loading...
...

Fire in Brazil kills at least 10 in Flamengo youth football facility Fire in Brazil kills at least 10 in Flamengo youth football facility After years of financial difficulties, Flamengo last year spent $6.2 million U.S. to expand the Ninho do Urubu training ground. Real Madrid star Vinicius Jr came through Flamengo's system and not long ago was living in the training facility.

Michelle Rodriguez: Liam Neeson isn't racist because he kissed Viola Davis Michelle Rodriguez: Liam Neeson isn't racist because he kissed Viola Davis Allen added on an Instagram post that, "I don't believe Liam Neeson's racist anecdote, which makes it even more disgusting". Another celebrity to defend Neeson was John Barnes after Piers Morgan slammed the Taken star for the comments.

Albert Finney dead aged 82 after legendary acting career Albert Finney dead aged 82 after legendary acting career A statement from a family spokesman said: 'He passed away peacefully after a short illness with those closest to him by his side. He rose to fame as the star of Saturday Night and Sunday Morning which proved to be extremely popular with moviegoers.

Nick Foles Informs Eagles He'll Void Option For 2019 Nick Foles Informs Eagles He'll Void Option For 2019 Philadelphia Eagles quarterback Nick Foles has told the team he is voiding his option for the 2019 season, according to ESPN . Those two moves give the Eagles a fairly easy path to the $15 million they would need right there.

Wells Fargo customers experiencing outages with online, mobile banking Wells Fargo customers experiencing outages with online, mobile banking Wells Fargo was hit by a major outage Thursday morning, leaving customers' funds frozen for hours. Last Friday - a typical pay day, the company's online banking and mobile app wasn't working.

Manchester United defender Phil Jones signs new deal until 2023 Manchester United defender Phil Jones signs new deal until 2023 Former England captain Wayne Rooney , who helped revitalise one of Major League Soccer's original superpowers when he joined D.C. Rashford scored the first goal of the Solskjaer reign against Cardiff, while Lingard struck twice in that 5-1 rout.

Ugandan feminists say beauty competition is promoting sex tourism Ugandan feminists say beauty competition is promoting sex tourism Why don't we use these people as a strategy to promote our tourism industry?" the Daily Monitor reported Kiwanda as asking. But the tourism minister who came up with the idea is now facing calls to resign from local feminists.

Trump hits back at Democrat rival ahead of State of the Union Trump hits back at Democrat rival ahead of State of the Union Pelosi essentially barred Trump from delivering the State of the Union in the House Chamber until the shutdown ended. Trump touted what he hopes will remain his strongest card with voters - "the hottest economy anywhere in the world".

Jamal Khashoggi killing `planned and perpetrated by Saudi Arabia` Jamal Khashoggi killing `planned and perpetrated by Saudi Arabia` They were the "most detailed evidence to date" that the crown prince considered killing Khashoggi, the news report said. The Saudi government has also disputed the Central Intelligence Agency assessment's that MBS ordered the killing.

Sixers trade Fultz to Magic Sixers trade Fultz to Magic Former Husky Markelle Fultz gets a desperately needed fresh start with his trade to the Orlando Magic . Sixers guard and former first overall draft pick Markelle Fultz reportedly is headed to the Magic.

Frank Robinson dies at 83 Frank Robinson dies at 83 Honored as a trailblazer: Robinson was widely honored, from the earliest days of his playing career through recent years. The Reds, Orioles and Indians have retired Robinson's No. 20 and saluted him with statues at their ballparks.

Red Bull Honda feels positive on simulator, says Max Verstappen Red Bull Honda feels positive on simulator, says Max Verstappen He said Honda had "had a strong winter" and were "making good progress" but "it will all depend on what the others have done". I think it's there now from both sides - the team and the engine supplier.

Durant, Curry drafted first, second in All-Star draft Durant, Curry drafted first, second in All-Star draft You can tell the trade rumors are getting to the team's young guys, especially with the effort they put forth in IN last game. Davis told the Pelicans he wanted a trade, and James has made it clear that he'd love to play with him.

One case of measles confirmed in Bell County One case of measles confirmed in Bell County Since the beginning of the year, Clark County Public Health has reported 50 confirmed measles cases and another 11 suspect cases. Measles has been confirmed in three more Multnomah County residents bringing the total amount of cases to four in Oregon.

Amazon founder Jeff Bezos says National Enquirer publisher tried to extort him Amazon founder Jeff Bezos says National Enquirer publisher tried to extort him In his blog, Bezos cited an email from AMI deputy general counsel, Jon Fine , to a lawyer representing de Becker. In response, he hired consultant Gavin de Becker to figure out how they obtained those text messages .