T-Mobile And Sprint Finally Merge

Posted: Apr 30 2018, 1:03am CDT | by , in Technology News

 

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T-Mobile and Sprint Finally Merge

The new T-Mobile wants to lead 5G in USA.

It finally happens. T-Mobile US (NASDAQ: TMUS) and Sprint (NYSE: S) announced on Sunday that two carriers have entered into a definitive agreement to merge in an all-stock transaction.

Based on closing share prices on April 27, this represents a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company.

The the combined company will be named T-Mobile. This means the Sprint brand will disappear. The combination of spectrum holdings, resulting in network scale, and expected run rate cost synergies of $6+ billion, representing a net present value (NPV) of $43+ billion.

CEO of the new T-Mobile will be John Legere. Mike Sievert, current Chief Operating Officer of T-Mobile, will serve as President and Chief Operating Officer of the combined company. Their main mission for the combined carrier is the rollout of 5G.

“This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and a second-to-none network experience – and do it all so much faster than either company could on its own,” said John Legere. “As industry lines blur and we enter the 5G era, consumers and businesses need a company with the disruptive culture and capabilities to force positive change on their behalf.”

Watch John Legere and Sprint CEO Marcelo Claure sell the merger in the video below.

T-Mobile and Sprint combined have the number of customers as Verizon and AT&T. The US would end up with three almost equally sized carriers, which should be great for consumers. The T-Mobile and Sprint merger has to still pass regulatory judgment from the Trump administration.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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