T-Mobile, Sprint Secure Court Ruling
February 11, 2020
After receiving a favorable decision in Federal Court in New York T-Mobile US and Sprint are now taking final steps to complete their merger to create the New T-Mobile. In a decision issued a short time ago, the Court stated that, “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes.
The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”
“Today was a huge victory for this merger … and now we are FINALLY able
to focus on the last steps to get this merger done! We want to thank the
Court for its thorough review of the facts we presented in our case.
We’ve said it all along: the New T-Mobile will be a supercharged
Un-carrier that is great for consumers and great for competition. The
broad and deep 5G network that only our combined companies will be able
to bring to life is going to change wireless … and beyond. Look out Dumb
and Dumber and Big Cable – we are coming for you … and you haven’t seen
anything yet!” said John Legere, Chief Executive Officer of T-Mobile.
New York Attorney General Letitia
James said, “Today’s decision marks a loss for every American who relies
on their cell phone for work, to care for a family member, and to
communicate with friends. From the start, this merger has been about
massive corporate profits over all else, and despite the companies’
false claims, this deal will endanger wireless subscribers where it
hurts most: their wallets. 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. We disagree with this decision wholeheartedly, and will
continue to fight the kind of consumer-harming megamergers our antitrust
laws were designed to prevent. As we review our options, including a
possible appeal, Americans should continue to hold the companies to
account for their promises. I’d like to thank California Attorney
General Becerra and the 12 additional attorneys general from around the
nation for their partnership throughout this lawsuit, as well as the
talented team of lawyers that put in countless hours fighting for this
Expanding access and bridging the Digital Divide with #5GForAll. The New T-Mobile will challenge a system that is not working for America’s consumers, driving competition and innovation that benefits everyone, everywhere. New T-Mobile’s plans to deploy a higher quality and more robust network for rural America and to prioritize more vulnerable urban populations will ensure that all Americans have a meaningful chance to thrive in the 5G economy.
Better service and lower prices for ALL Americans. New T-Mobile is committed to delivering the same or better rate plans at the same or better prices for three years – and that includes 5G. With 14X more total capacity in 2024 than standalone T-Mobile has today, the New T-Mobile’s 5G network will bring down the cost of delivering a gigabyte of data, providing enormous economic incentives for the New T-Mobile to lower prices. New T-Mobile will vigorously compete for consumers at all price points and all customers, including prepaid and Lifeline, will have access to the same amazing 5G network and services.
Alternative to in-home broadband. The New T-Mobile Home Internet will bring the Un-carrier beyond wireless to provide much needed competition to Big Cable. New T-Mobile’s wireless in-home broadband service will overcome the obstacles to extending traditional wireline access by blanketing high-capacity coverage over previously difficult to serve areas. It will deliver 100+ Mbps speeds for wireless broadband to 90% of the population and in-home service to over half the country’s households by 2024.
Job creation nationwide. New T-Mobile will be a job creator from Day One. In year one, New T-Mobile will have more than 3,500 additional full-time U.S. employees than the standalone companies would have had, and 11,000 more people by 2024. Additionally, plans to build more than 600 new retail locations and five new customer experience centers will create approximately 12,000 more jobs – many in small towns.