Sprint's Marcelo Claure Taking New Post at SoftBank, Michel Combs Moving to CEO Role
Sprint today announced some leadership changes. CEO Marcelo Claure is moving to Sprint's parent company, SoftBank, where he will oversee Sprint's merger with T-Mobile. Claure's new role will be selling the merger to U.S. regulators. He will remain on the board of directors at Sprint. Claure has been Sprint's CEO since 2014. Moving forward, President and CFO Michel Combs will be elevated to the CEO position at Sprint. Combs already serves on Sprint's board. He has been with Sprint since early this year. Before joining Sprint, Combs spent 25 years in various roles at Altice, Vodafone, and France Telecom.
Apr 29, 2018
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.
Feb 11, 2020
A multi-state anti-trust lawsuit to stop the merger of Sprint and T-Mobile has failed. New York Attorney General Letitia James issued a statement saying "There is no doubt that reducing the mobile market from four to three will be bad for consumers, bad for workers, and bad for innovation, which is why the states stepped up and led this lawsuit.
Dec 14, 2018
T-Mobile and Sprint expect their proposed merger will be given the green light by government security officials as soon as next week, according to a report from Reuters. The Committee on Foreign Investment in the United States (CFIUS) has been reviewing the merger for potential security issues.
Jun 19, 2018
T-Mobile and Sprint today officially petitioned the FCC for permission to merge. The companies filed a Public Interest Statement with the agency that makes lofty claims about why the merger a good idea.
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.