T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology. The new T-Mobile plans to spend "up to $40 billion" on its new combined network in the first three years, 46% more than T-Mobile and Sprint spent combined in the past three years. The new company will assume both the T-Mobile brand and most of the T-Mobile leadership. John Legere, current President and CEO of T-Mobile US, will serve as CEO of the new company, and Mike Sievert, current COO of T-Mobile, will serve as President and COO. Tim HÃ¶ttges, current T-Mobile Chairman of the Board, will serve as Chairman of the Board for the new company. Current Sprint CEO Marcelo Claure will serve on the board. Following closing, the company will be headquartered in Bellevue, Wash., with a "second headquarters" in Overland Park, Kan. The combined company will have lower costs and greater economies of scale, expected to result in run rate cost synergies of $6+ billion. The transaction is expected to close no later than the first half of 2019, subject to customary closing conditions, including regulatory approvals
Aug 2, 2020
The Sprint brand is no more, as T-Mobile today completes its effort to bring former Sprint stores and other assets under the T-Mobile umbrella with re-branding. Most Sprint stores closed early last night to give employees time to conduct the T-Mobile make-over.
Jul 16, 2020
T-Mobile today revealed that August 2nd is the date it will officially retire the Sprint brand and unify the recently-merged company under the T-Mobile brand. Sprint stores will be rebranded "with a fresh coat of magenta paint".
Jul 13, 2020
US carriers have launched a flurry of new entry-level phones from LG and Samsung in recent weeks. The phones include three new models from each of the two manufacturers.
Jul 1, 2020
T-Mobile US and Dish Network today announced that they have completed the previously-announced sale of Boost, the prepaid arm of Sprint. Dish now owns the Boost brand and takes responsibility for its 9.3 million customer accounts, hundreds of employees, and thousands of independent retailers.
Jun 15, 2020
Samsung's new mid-range 5G phone, the Galaxy A71 5G, will be available from T-Mobile and Sprint this Friday for $600. Samsung has also made it official that both Verizon and AT&T will offer the phone "later this summer", and that it will also be available unlocked.
What about the Prepaid divisions?