According to an article (link below) in The Verge, Sprint and T-Mobile have opted to extend the merger deadline an extra month. T-Mobile and Sprint announced a deadline extension for the $26.5 billion merger in a filing with the SEC. The two companies now have until July 29 to convince the FCC and DOJ to approve the Read more…
Has the very rationale for the T-Mobile merger has come under scrutiny? Well, yes, according to an opinion piece on The Hill (link below). Adonis Hoffman, the author states: the “very rationale for the merger has come under scrutiny. Arguments suggesting a loss of jobs have been picked up by labor groups.” Questions surrounding high-speed rural access Read more…
(Link below) – There are some new merger documents on FCC website, including a letter to the FCC from Sprint that has some quite interesting information in it. Including: The message was clear: achieving such assumptions were not realistic and Sprint’s turnaround efforts were failing” but in 2015 Sprint extended CEO Marcelo Claure’s contract until 2019, and Read more…
A report in the Wall Street Journal, said the Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, under its current structure. Reuters later confirmed the report with one person familiar with the matter, who cautioned that a final decision has not been made. Shares of Sprint plunged as much as Read more…
(Link to full story at Prepaid Phone News below) Originally slated for a 5G launch next week, Verizon announced its 5G mobile service has been officially deployed in sections of Chicago and Minneapolis. These two areas are among the 30 cities the carrier has announced will get 5G wireless network capability this year. Today’s launch uses “real” Read more…
According to an article in MarketWatch (link below) MoffettNathanson analyst analyst Craig Moffett said that he was lowering his odds of a T-Mobile and Sprint merger to “less than a coin toss.” He called two recent announcements from T-Mobile around pricing and broadband plans in rural markets “Hail Mary” moves that wouldn’t have been made by “a team Read more…
*Updated – We now have a link to the story. See below. According to a memo sent to Sprint employees today, CEO Michel Combes has told employees of a not-so-rosy picture if the T-Mobile merger doesn’t go through. We believe the memo included a quote from a letter Sprint previously submitted to the FCC: “Without the merger, Read more…
According to an article at Bloomberg.com (link to full story below) States investigating the T-Mobile / Sprint merger are considering a lawsuit to block the deal on antitrust grounds and may act even if the Justice Department approves it. State attorneys general haven’t made a final decision about the merger, but are keeping options open as they Read more…
According to an article in PrePaid Phone News (link below), the highly anticipated T-Mobile and Sprint merger is on hold (again) as the FCC announced another pause to the review stage. The announcement was made after it decided to examine “significant new information” that the agency received that could potentially raise some concerns on the proposed merger. Read more…
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