T-Mobile and Sprint plan to merge together in a $26 billion dollar agreement. The CEO of T-Mobile John Legere took to Twitter, announced the deal and made a video with Sprint CEO Marcelo Claure to reveal some details of the agreement.
On June 19th Sprint and T-Mobile together filed the Public Interest Statement with the FCC. The Public Interest Statement offers many reasons for the merger:
This positive competition was what the government wanted to see when they stopped the merger between Sprint and T-Mobile in 2014. The competition helps the middle class tremendously and opens the door for opportunity for everyone to have greater access to technology at a reasonable price.
There is a concern from the antitrust officials in the justice department. Some of them claim if the competition between Sprint Corp. and T-Mobile is gone then those that service the middle class will be eliminated. That will produce a stagnant society based solely on those who have the money.
On the brighter side, rural areas can see better service and connection. With the rise of 5G technology more products can be seen to help move more competition. Customers from either company can use other company's network.
Read more about The Promise of the New 5G Networks.
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