Sprint is Officially No More
T-Mobile has officially completed its merger with Sprint. For the moment, the merger has little effect on customers, but "Sprint" lives only as a brand of T-Mobile, not a separate company. As of today, Sprint is no longer trading under its own symbol on the stock exchange. Current Sprint customers can keep their plans for the near future. As a condition of regulatory approval, T-Mobile has committed to not raise prices for three years. But over time, the Sprint brand will be replaced by T-Mobile. The companies have been making technical preparations for the merger since it was announced. Most new phones introduced by Sprint and T-Mobile in the past year are capable of accessing both networks, ensuring a smoother transition. The companies have already announced expanded roaming for Sprint customers on the T-Mobile network, for Sprint customers with those newer phones. While all major US wireless carriers are deploying 5G in both sub-6 GHz and mmWave radio frequencies, the new T-Mobile will have the key advantage of access to mid-band frequencies in the form of Sprint's unique band 41 (2.5 GHz). 5G in this band can offer a unique balance between high speeds (like mmWave) as well as broad coverage (like other sub-6 bands). The company claims that combining the two networks into one will allow the company to offer "14 times more capacity in the next six years than T-Mobile alone has today", "average 5G speeds up to eight times faster than current LTE in just a few years", and "$43 billion in synergies for all shareholders", mostly from "reducing redundant cell sites and rapidly deploying spectrum and other technologies more efficiently." The new company announced plans to invest "$40 billion into its network, business and more over the next three years." The company also announced that Mike Sievert will replace John Legere as T-Mobile CEO effective today, one month earlier than previously announced.
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.
Nov 7, 2019
T-Mobile today announced plans to offer three new programs offering 5G service for free to certain groups, or cheaply for everyone else. The company is promising to launch the programs when and if it is allowed to merge with Sprint.
Jun 18, 2019
Facebook today announced Libra, a new digital currency that aims to combine the best features of other cryptocurrencies in order to be more consumer-friendly. The currency will be administered by the Libra Association, a new non-for-profit based in Geneva.
Mar 25, 2019
Apple today launched its own branded credit card: Apple Card. Starting this summer, customers can sign up for the card on their iOS device in minutes, and use it immediately with Apple Pay.
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.
A definite win for T-Mobile.
Band 41 is also used in other countries as well.