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T-Mobile And Sprint Complete Merger, Paving Way For A Dish Wireless Network
T-Mobile US has officially completed a merger with Sprint in a deal that sets up satellite provider Dish to become a new entrant in the wireless space.
The combination of the country’s third and fourth-largest wireless carriers was annnounced in the spring of 2018 and had to overcome a number of regulatory hurdles and…
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1 Comments Comment on T-Mobile And Sprint Complete Merger, Paving Way For A Dish Wireless Network
T-Mobile Chief John Legere Plans To Step Down After Sprint Merger Closes
John Legere, the CEO and high-energy pitchman for T-Mobile, will step down next April after overseeing the close of the wireless provider’s merger with Sprint.
He will be succeeded by COO Mike Sievert on May 1, 2020, according to a formal announcement Monday of the changing of the guard. The company described the move…
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By Dade Hayes
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T-Mobile-Sprint Merger Clears FCC Hurdle
The Federal Communications Commission on Tuesday issued its formal approval of the merger of T-Mobile and Sprint, a proposed $26 billion tie-up that would unite the No. 3 and No. 4 U.S. telecom providers. The party-line vote was held last month but officially revealed today.
The news comes after the U.S Department of…
Sprint And T-Mobile Get DOJ Blessing For $26B Merger; Dish Scoops Up Key Assets
In a long-expected settlement, the Department of Justice has agreed to approve the $26 billion merger of No. 3 and No. 4 U.S. telecom providers T-Mobile and Sprint.
As a condition of the approval, the combined entity has agreed to sell Sprint's Boost Mobile, Virgin Mobile and Sprint-branded prepaid mobile services to D…
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By Dade Hayes
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Sprint And T-Mobile Shares Percolate After Report Of Imminent DOJ Merger Approval
Shares in Sprint and T-Mobile ticked up late in Friday’s trading day after The New York Times reported that Department of Justice regulators are close to blessing the companies’ $26 billion merger.
T-Mobile closed at $74.90, up less than 1%, while Sprint jumped 3% to close at $7.01. The stocks have see-sawed in recent…
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By Dade Hayes
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Sprint & T-Mobile Merger Faces New Hurdle In Lawsuit By 10 States, Including NY And CA
The attorneys general of seven states and the District of Columbia have filed a lawsuit seeking to block the merger of Sprint and T-Mobile, alleging that the $26.5 billion deal would harm consumers.
New York Attorney General Letitia James and California Attorney General Xavier Becerra announced the suit Tuesday…
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By Dade Hayes
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WGAW Opposes $26B Sprint/T-Mobile Merger As FCC Signals Its Approval – Update
UPDATED with WGAW statement, 10: 26: The $26 billion merger of Sprint and T-Mobile will get the blessing of the Federal Communications Commission in exchange for pledges by the company to build out a 5G network that will cover 99% of the U.S. by 2026, officials said Monday.
The WGA West issued this statement Tuesday…
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By Dade Hayes
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T-Mobile And Sprint Finally Re-Tie The Knot, Announcing $26B Merger
In a deal with broad implications for media and technology sectors, wireless carriers T-Mobile and Sprint have announced a $26 billion all-stock merger that creates a bulked-up rival to AT&T and Verizon.
The deal caps several years of starts and stops by the two companies, which last November had abandoned their…
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By Dade Hayes
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Sprint and T-Mobile Merger Talks Fizzle
Sprint and T-Mobile have called off merger talks. The two carriers have been in talks for weeks, but were unable to come to an agreement on a combination. This marks the second time the third- and fourth-place wireless companies have walked away from the altar. It’s unclear why a deal couldn’t be reached.
"The…
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Telecom Stocks Sag After Sprint/T-Mobile Merger Talks Reportedly End
On an overall day of declines on Wall Street, telecom stocks were among the biggest losers amid reports that SoftBank, the majority owner of Sprint, has ended its on-again/off-again merger talks with T-Mobile.
Sprint shares plunged 9% to close at $6.34 and T-Mobile gave back 5% to finish at $59.58 in the wake of a repo…
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By Dade Hayes
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T-Mobile Finalizing Merger Deal With Sprint: Report
A deal is all but done to combine the country’s third and fourth largest wireless networks, leaving T-Mobile U.S. Inc. chief executive John Legere in the catbird seat: He would control the combined assets of his company and Sprint Corp. in a mega-carrier merger that could be announced by the end of the month. News of…
- Breaking
- Business
T-Mobile And Sprint Shares Rise On Report Of “Active Talks” About A Merger
Shares of Sprint and T-Mobile are up in midday trading following a CNBC report that the companies are in “active talks” about a merger.
They’re said to be looking at a stock-for-stock deal that would leave T-Mobile owner Deutsche Telekom in control of the combined company, with T-Mobile’s colorful CEO John Legere…
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