T-Mobile and Sprint, which failed to agree on a merger in 2017 but still did so two years ago, announced the completion of the merger, approved by the US antitrust regulator last July.
Recall, as a result of the transaction, estimated at $ 26 billion, Sprint will disappear from the market. The new operator resulting from the merger will continue to operate under the name T-Mobile.
At the same time, a change of leadership occurred, and ahead of schedule. T-Mobile CEO John Legere resigned, which was only due to happen in late April, and was replaced by COO Mike Sievert.
The company’s management claims that the merger will accelerate the introduction of 5G in the United States. It has already promised that in the next six years the data transfer rate will be increased by 15 times, network capacity by 14 times, and 5G coverage will cover 99% of the US population (90% with an average speed of at least 50 Mbps). During the transition period, Sprint customers will be able to use existing tariff plans and for them, little will change. After completing the technical part of the merger, T-Mobile promises to leave the plans “the same or even better.”
Now there are three major network operators in the United States: AT&T, Verizon and T-Mobile.