A PYMNTS Company

US: T-Mobile, Sprint lay out new merger arguments in FCC filing

 |  June 19, 2018

T-Mobile and Sprint on Tuesday filed their public interest statement to the Federal Communications Commission as part of their bid to merge. The key message in the statement is that their combination would create a single, more powerful company better able to invest in 5G wireless technology.

“T-Mobile and Sprint are merging to beat Verizon and AT&T, not to be like them,” the filing stated.

In May the two carriers announced a $26 billion deal to merge, bringing together the nation’s third- and fourth-largest wireless service providers. The combined company will retain the T-Mobile name, and T-Mobile CEO John Legere and his team management team will run the day-to-day operations.

Deutsche Telekom-controlled T-Mobile finally struck an agreement to merge with Sprint, the struggling mobile player owned by SoftBank, in April with the German company securing the control it needed to try to get the deal past regulators. Clearance from the FCC is key in getting the merger, which was agreed before AT&T’s takeover of Time Warner was ratified by a US judge last week, is crucial reported The Financial Times.

Full Content: Financial Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.