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The Merger of Sprint & T-Mobile & Inequality

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federal judge gave the go ahead to the $26.5 billion merger between T-Mobile and Sprint on February 11, several months after the deal got final antitrust approval from the U.S. government.

A group of attorneys general from 13 states and the District of Columbia had sued to try to block the merger, arguing it would reduce competition in the telecommunications industry and raise customer prices by billions of dollars.

Also it appears that it will likely increase economic inequality.

 

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Merger Between Sprint & T-Mobile Approved

Snapshot41_193John Legere, Chief Executive Officer of T-Mobile said they are finally able to focus on the last steps to get this merger completed.

The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”

Consumers who are tired of having to bundle cable and internet when all they want is the internet part, the merger promises go provide the options that consumers have been craving. T-Mobile said consumers can expect speeds of 100+ Mbps speeds for wireless broadband. The company hopes that its in-home service will be available to half the country’s households by 2024.

The new T-Mobile will have more than 3,500 additional full-time U.S. employees than the standalone companies would have had, and 11,000 more people by 2024. Additionally, plans to build more than 600 new retail locations and five new customer experience centers will create approximately 12,000 more jobs — many in small towns,” the company claims.

Democratic Senators Urge FCC To Delay T-Mobile Sprint Merger

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Back in July, the Department of Justice cleared T-Mobile’s planned takeover of Sprint, paving the way for the nation’s third and fourth largest wireless carriers to merge into a titan to rival AT&T and Verizon. Sixteen states are suing to block the merger, and now some congressional Democrats are lobbying to have the Federal Communications Commission delay an announced vote on whether to give the deal the go ahead.

Democratic Senator Amy Klobuchar along with Senate colleagues Cory Booker, Kirsten Gillibrand, and Elizabeth Warren (all currently running for president) were among those who signed a letter on Friday asking for the FCC to “issue a public notice and seek public comment on the proposed merger” before moving to a vote. The senators cited widespread concerns that the deal would actually hurt competition by further consolidating the wireless industry under the control of a handful of massive corporations—concerns which were apparently shared by some at the DOJ earlier this year, when the agency was mulling intervening.

 

Department Of Justice Halts Merger Of Sprint & T-mobile

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Days after the FCC intended to support the merger between T-Mobile and Sprint, the Department of Justice has reportedly decided to block the deal.

According to CNBC and Reuters, the DOJ’s antitrust division has recommended that the agency file a lawsuit to block the deal between the two wireless carriers. The agency will reportedly make its final decision in the next month.

The FCC’s seal of approval came after the carriers agreed to sell off Sprint subsidiary Boost Mobile to spur competition at the low-cost end of the market. T-Mobile and Sprint also agreed to numerous nationwide milestone goals around the 5G infrastructure rollout over the next half-dozen years.

Sprint Donating Free tech Products To Disadvantaged Teens

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President Barack Obama  traveled to Greensboro, North Carolina on  to participate in a town hall on race and sports and to highlight the administration’s work to improve the lives of disadvantaged youth through its My Brother’s Keeper initiative and other programs.

Sprint plans to give cell phones, tablets, laptops or mobile hot spots to students who do not have internet at home. Students would be able to choose the type of device that might meet their needs and it would be coupled with four years of free data plans.

The company hopes to reach its goal of a million students in five years.

Guess What Radioshack Is Hooking Up With Sprint

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The deal, involves the sale of 1,740 RadioShack stores to the Standard General hedge fund, will see the outlets co-brand with Sprint stores. The telecoms firm is expected to occupy around 30 percent of the space in each location, where it’ll sell mobile devices and wireless plans. Although the retailer’s troubles have led to the closure of more than half of its stores, moving in with Sprint means around 7,500 RadioShack jobs will be saved out of a total of 27,000.

Google Soon To Become A Wireless Carrier

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Google has inked deals with Sprint and T-Mobile to become a wireless carrier according to unnamed sources. Google is preparing to sell mobile phone plans directly to customers and manage their calls and mobile data over a cellular network, according to three people with knowledge of the plans. The new service is expected run on Sprint and T-Mobile’s networks. The project goes under the codename “Nova”. The service is said to launch next fall.

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