Mobile Sprint Merger: No Price Hike for 3 Years, CEO Says

08 February, 2019, 21:21 | Author: Leah Owens
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On Wednesday, Senator Elizabeth Warren of MA and Representative Pramila Jayapal of Washington issued letters demanding information about the T-Mobile executives' stays and whether Trump was informed of them.

As previously noted, T-Mobile's branded postpaid phone churn came in at 0.99% during the quarter.

Revenue: T-Mobile posted total revenue of $11.4 billion in the fourth quarter, up 6 percent over a year ago and just ahead of analyst expectations.

The FCC and the Department of Justice, along with some state utility regulators, must approve the deal that would combine the third and fourth largest wireless players.

Shares of T-Mobile were down 3.69 percent as of 4:04 p.m. ET on Tuesday, while shares of Sprint were down 6.09 percent.

The wireless operators say that joining forces will increase competition that could help with the introduction of super-fast 5G network speeds.

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"Critics of our merger, largely employed by Big Telco and Big Cable, have principally argued that we are going to raise rates right after the merger closes".

The head of T-Mobile sent a letter to the FCC earlier this week, saying they will not raise prices for customers for at least three years if the deal is approved.

Considering this letter was posted yesterday, February 4, 2019, that would mean entry-level prices would not exceed the base-level $70 unlimited plan T-Mobile now offers, which includes all taxes and fees in the price.

T-Mobile continues to beat its rivals at attracting new customers as it bides its time awaiting the closure of its merger with Sprint. "American consumers will benefit from a nationwide 5G network that is both broad and deep, and we can't wait to get started", he said.

Most importantly, the merger with Sprint will enable T-Mobile to "break down this traditional trade-off that consumers have always been forced to make, which is: 'Do you want a good deal or do you want the best network?'" he said.

T-Mobile has officially said that, when its merger with Spring merger is done, its customers will get to pay less and get more. "Today's news makes clear that T-Mobile knows that its merger is in trouble".

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