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.
Aug 7, 2019
Samsung today announced the Galaxy Note10 and Note10+. The company's super-flagship Note series for 2019 comes in two sizes: The Note10 packs a screen similar to the Note9 into a smaller body, while the Note10+ sports a larger display in a body similar in size to the Note9.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.
Apr 16, 2019
Justice department staff reviewing the proposed merger between T-Mobile US and Sprint have informed the two companies that they're disinclined to approve the merger as currently proposed, on antitrust grounds, according to the Wall Street Journal. The $26 billion deal would reduce competition and likely lead to lost jobs in the long run, although T-Mobile and Sprint claim otherwise.
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.