Today T-Mobile and Sprint announced several changes to their $26 billion merger deal. According to reports these changes are apart of a deal to get approval for their merger according to CNBC.
On T-Mobile’s website pushing for the merger they say: “It is absolutely imperative that the U.S. extends the global innovation, technology and economic leadership it seized during the 4G era. It is easy to forget now, but the 4G revolution unleashed innovation that led to the modern economy we interact with every day. Lyft, Uber, Snapchat, Tinder, Venmo, Square, Instagram…these are companies that simply do not exist without 4G. But 4G didn’t just create a herd of unicorns. Global leaders such as Facebook, Alphabet, Amazon, and Netflix adapted their businesses and their growth exploded!”
Sprint CEO announced the news TV with the following statement:
After filing millions of pages of documents w/ the government regarding @Sprint’s pending merger with @TMobile, today we’re committing even more, including a plan to sell the @BoostMobile brand if the merger is approved. https://t.co/gsU3qA8vkF [Details: https://t.co/uLwOlcd1rW] pic.twitter.com/ZhZPVv1Z9F
— Michel Combes (@MichelCombes) May 20, 2019
Thanks for your supportive statement, @AjitPaiFCC. New @TMobile continues to commit to the best in #5G & in-home broadband to the U.S. Moves that strengthen the economy & ensure competitive pricing for consumers. https://t.co/hSVIxNWbT8 [Details: https://t.co/2JskJKGloe]
— Michel Combes (@MichelCombes) May 20, 2019
CFF’s Chairman also announced that he is recommending approving the T-Mobile/Spring merger. That removes a major hurdle in the proposed Spring and T-Mobile merger.
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