T-Mobile CEO John Legere gives update on merger progress, says approval still expected in first half of 2019

 

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A little more than one week after testifying in front of the Subcommittee on Communications and Technology, T-Mobile CEO John Legere today gave an update on the progress of the T-Mo-Sprint merger.

Legere today shared a blog post detailing T-Mobile and Sprint’s recent meetings with government officials, saying that they’ve met with the FCC, DoJ, U.S. Senate and House of Representatives, other federal and state level regulators, and some consumer groups. The T-Mo CEO also said that they’ve filed more than 24 million pages of documents, plans, data, and analysis in support of the merger.

He goes on to reiterate some of the commitments that he’s made regarding the merger in recent weeks. These include plans to build five new T-Mobile Team of Experts Customer Experience Centers — including in Rochester, NY; Overland Park, KS; and the Central Valley in CA — and 600 new stores. Legere claims that the New T-Mobile’s customer care expansion will create up to 7,500 more jobs by 2021 than T-Mobile or Sprint could on their own.

“There seems to be some misperception by a small few that this deal is going to lead to loss of jobs. It’s just simply not true,” Legere says in his blog post. He’s likely referring to the Communications Workers of America, which has claimed that the merger will result in 30,000 fewer jobs.

Legere also reiterates that the New T-Mobile will offer the same or better rate plans at current or lower prices as those offered by T-Mobile or Sprint. Those plans will be offered for at least three years after the merger, he says.

Finally, Legere says that the merger is making steady progress and T-Mobile and Sprint are still confident that it’ll get regulatory approval in the first half of 2019.

The T-Mobile-Sprint merger has received approval from the Committee on Foreign Investment in the United States (CFIUS) and has also been okayed by Team Telecom, which includes the U.S. Department of Justice, Department of Homeland Security, and Department of Defense, for any national security, law enforcement, or public safety issues. The deal’s also been approved by 16 of the 19 needed state utility commissions, the most recent one being the New York Public Service Commission.

The deal is still being under review by the FCC for its effect on competition, and the DoJ is conducting its antitrust review. T-Mobile and Sprint expect that the merger will get approval in the first half of the year, so we could hear something from those government agencies in the next few months. Stay tuned.

Source: T-Mobile

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  • Nearmsp

    FCC Chair is a Trump person, so unlike last time, Mr. Ajit Pai will rubber stamp that competition will not be reduced. Any merger that comes in the next 2 years is a go. Once AOC’s party has more influence, consumers will come before corporate profit.

    • marque2

      I find it so much more logical that when Sprint goes bankrupt of its own accord, that the US market will be so much more competitive.

      Damn the Trump. Does anyone get educated in school any more, or is it all, feel good, no think, nonsense?

      • Nearmsp

        It is not the job of the government to play god and worry about bankruptcy.Way before that, at the right price, a buyer will come and buy up Sprint. Fear of Sprint’s bottom line is no reason to reduce competition in the US market. But the Japanese owner of Sprint (Mr.Son of Softbank) has already praised Mr. Trump and is likely to get permission to make his investment in Sprint whole. This is a buyout by T-mobile and sold as a “merger” to get a yes rubber stamp from crony regulators who dance to Trump’s tune.

        • marque2

          You have just contradicted yourself. To summarize your thoughts:
          A: Government shouldn’t let Sprint and Tmo merge
          B: Long before Sprint goes under some company will come along (Like Tmobile maybe?) and buy it up for the right price
          C: The government shouldn’t allow this anyway.
          D: All my twisted logic means Trump is evil.

          It really isn’t the job of government to prevent mergers either, since you are now doing the 1/2 libertarian angle.

          Make up your mind. I go back to the schooling issue. You aren’t thinking straight.

          Thank goodness for AOC huh, she should scare Sprint back to China before it goes bankrupt.

        • Nearmsp

          Clearly you have no idea on how free markets operate in a capitalist system. The role of FTC is to ensure there is enough competition in the market and thus every merger or take over has to be approved to ensure that there is no material impact on competition leading to higher prices for consumers. With only 4 major wireless providers, the US market is already concentrated. Trump is corrupt and will be a one term President.The Democrats have called a hearing on the merger. Mr. Ajit Pai will really need to come and justify why this merger will not lead to less competition.

        • marque2

          I have clearly shown you have no idea what you are talking about and just babbling socialist nonsense and unsubstantiated Trump slurs.

        • Nearmsp

          So allowing the formation of duopoly, monopoly is a capitalistic market? Then why does FTC exist? Rather than just criticizing what I wrote, you could spend some time in responding to what a free market is. I guess in your world view, cartels and collusion is also “free market”.

        • Ash

          Clearly marque2 is a troll

        • marque2

          Clearly you all have no idea what is going on – you yourself can read Nearmsp’s comments and see they are contradictory and somewhat imcoherant. Are you aware of what is going on? Sprint is about to go bankrupt but has lots of bandwidth which it cant develop. Tmobile is doing quite well but doesnt have the bandwidth to do 5g. If the merger fails. Sprint will go inder and the assets sold to random groups like cell companies and AT&T tmobile might get a small piece – then we will have true duopoly in 5g becauae only AT&T and Verizon will je able to properly develop it. So you will have much less competition with 3 networks anyway but one so hamstrung it may as well give up.

          But yeah AOC socialism and Orange man bad. It is just much easier to have people tell you how to think then actually figure things out yourself.

          If presenting facts in a cogent manner is trolling – so be it.

        • Ash

          My tiny little brain doesn’t comprehend much, but I never said you were wrong about anything. What I am saying is Nearmsp has some valid points as well, which you are neglecting to acknowledge. I actually want this merger to go through because I know Sprint will go bust regardless.

        • marque2

          All you said was “He is a troll”

          Now you are claiming you had well thought out counterpoint. Did you Edit your post above to take out the thoughtfulness?

          No Nearmsp ‘s whole argument is self contradictory which anyone can see.

        • Ash

          Obviously, I’m not going to type every thought I have in mind. I just wrote that because I thought you were being a troll, but I see now you are serious about this argument. I don’t mind being wrong, I can remove the troll comment if it is discriminatory or otherwise disrespectful. Also, I still think Nearmsp has some validity in the argument. Remember an argument doesn’t have to be in your favor to be right.

  • Joe

    So many dumb people on both sides of this conversation. The reality is that there are pretty good arguments for why we should let the merger through and why not. The thing is that ether direction can’t be fully predicted on the outcome since these type of transactions are supper complicated to analyze. All of you probubly have no experience in supply chain of business to relise this and think it’s a simple answer for both directions.

    • marque2

      I highly doubt that John Legere, is rubbing his hands together thinking, with this Sprint Merger, we can finally have a monopoly and charge Nearmsp whatever I want 10s of thousands a year directly out of his pocket, Muah-ha-ha-ha, . I suppose that is the valid other side of the argument you are talking about.

      Note that in your life, and mine we will find a lot of people who predict doom over events – (oil gone by 1991, most other resources gone by 2000, and population starvation and collapse – Nuke war before 2000 – forests would disappear in 30 years due to acid rain, these all things I learned in school ) and the doom almost certainly never happens, As an example, Remember when Time Warner was going to take over the whole internet because they bought out AOL? Well unfortunately that devious plan didn’t work out so well. AT&T as well, they bought out all sorts of entertainment companies – and the aforementioned Time Warner, I believe, they were going to take over all of the Internet as well because they could provide content for all the mobile, and cable holdings they had – that fizzled as well.

      On a more positive, since Timer Warner and AT&T were basically failed mergers. How about Disney taking over Pixar, that was suppose to give Disney a terrible monopoly and hurt consumers as well. I severely pained now that what really happened, with Disney deep pockets they are now producing twice the animated movies every year at no extra cost to me.

      Don’t fall for this stuff. It is mostly posturing by politicians who want to get kickbacks to allow the merger to go through. Well if you donate to the Louisiana alligator museum, I might not have issues any more, Mr Legere. And useful idiots who have no idea who blindly are following some ideology. Gee if AOC says it or Trump says it, it must be true.

      • Joe

        No I actually do not see that part of the people arguing agents the merger as a good argument. I don’t have time to write an essay properly explaining why I builive we should let the merger through even with all the other possibility if it doe’s not go through.

        • marque2

          OK