T-Mobile Suggests Sprint Merger May Wrap Up In Early 2019
T-Mobile CFO J. Braxton Carter believes the company's planned deal with Sprint could close during the first quarter of 2019. The proposed merger is still being weighed by the FCC and Department of Justice. "The only remaining thing that is happening is depositions with the DoJ, which have started and will be completed in a few weeks," said Carter at a technology conference. The two companies proposed the merger in April and initially expected it to close during the first half of 2019. A key facet of the deal is 5G. Carter says the merger is needed for the two companies to compete with market leaders AT&T and Verizon. "The combined assets of Sprint and T-Mobile can create 8 times the 5G capacity that either of us could do on a standalone basis and 15 times the speed," noted Carter. If the government allows the merger to move forward, the U.S. will drop from four national carriers to three. Some say this will reduce competition, which could lead to higher prices for consumers. Neither the FCC nor the DOJ has made any official statements on the deal.
Feb 20, 2019
The tenth edition of Samsung's Galaxy S series of flagship phones includes, for the first time, four different models spanning a range of sizes and price points. Samsung announced the Galaxy S10 series today at an event in San Francisco.
Jun 7, 2018
The U.S. Department of Justice is exploring what impact the proposed merger of Sprint and T-Mobile will have on smaller carriers and MVNOs.
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
Jul 19, 2018
The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner.