T-Mobile and Sprint are finally getting together. This seismic shift in the mobile world could have big ramifications on your service.The two carriers on Sunday announced a $26 billion deal to merge, bringing together the nation's third- and fourth-largest wireless service providers. The combined company will retain the T-Mobile name, and T-Mobile CEO John Legere and his team management team will run the day-to-day operations. Now playing: Watch this: T-Mobile, Sprint make $26B deal to merge 1:38 The deal comes at a time when the US carriers are bending over backward to win your business, leading to freebies like access to Netflix, as well as a renewed eagerness to court smartphone users with unlimited data. Sprint is still giving away a year of service for free. Those competitive pressures have driven T-Mobile and Sprint together. And while executives from both companies vow lower prices and better service, consumer groups and analysts are skeptical. Worried about how this … [Read more...] about T-Mobile and Sprint are merging: Here’s everything you need to know
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Has T-Mobile been trying to curry favor with the Trump administration for its $26 billion megamerger with wireless rival Sprint?That's the question The Washington Post is asking in an investigative report published Wednesday revealing that several top T-Mobile executives have been frequenting the Trump International Hotel since the company announced its merger with Sprint last April. The Washington, DC luxury hotel is owned by Trump and his family.In fact, the day after the merger was announced the newspaper reports that "nine of T-Mobile's top executives— including its chief operating officer, chief technology officer, chief strategy officer, chief financial officer and its outspoken celebrity chief executive, John Legere," were listed as VIP guests at the hotel. The newspaper, which based its reporting on eyewitness accounts as well as hotel documents, states T-Mobile executives, including Legere, returned to the Trump hotel repeatedly over the past several months. In total, … [Read more...] about Is T-Mobile trying to buy favors from the Trump administration?
T-Mobile will almost certainly take the checkered flag for wireless growth this quarter as consumers continue to flock to the Un-carrier. The nation's third-largest wireless carrier said it added 1.6 million net total customers, with 774,000 critical postpaid phone subscribers, or customers who pay at the end of the month. Verizon added 295,000 such customers, while AT&T nabbed 69,000 customers. Sprint, which traditionally follows the pack, reports its results Wednesday. The results come amid a relatively quiet period for T-Mobile, which isn't looking to rock the boat as it awaits regulatory approval for its acquisition of Sprint. The combination of the two could shake up the industry, and potentially light a fire under its 5G deployment, but it's not a slam dunk that the deal gets the OK. "We continue to drive our business beyond expectations and despite the work underway to close the merger, we delivered our best financials ever in the third quarter," CEO John … [Read more...] about T-Mobile leads in wireless growth again as it awaits Sprint acquisition
Wireless customers are still flocking to T-Mobile. That's the takeaway from preliminary fourth quarter results the company announced Wednesday. The Bellevue, Washington company said it added a total of 2.4 million customers in the fourth quarter of which 1.4 million were so-called postpaid monthly wireless customers. These are customers, who pay their bills at the end of each month and are considered highly valuable. Analysts had expected the company to add 985,000 new postpaid subscribers, according to Bloomberg. The new customers include 1 million phone customers.The company said this was the best quarter ever in terms of attracting new customers in its history. These additions likely top subscriber growth from its rivals. Just yesterday, Verizon also announced strong customer growth for the fourth quarter. But T-Mobile beat Verizon's growth. Verizon added 650,000 new phone subscribers in the fourth quarter. AT&T and Sprint have yet to announce their subscriber numbers, but … [Read more...] about T-Mobile continues to crush it in attracting new subscribers
As part of T-Mobile’s impending deal to buy Sprint (which reportedly could be approved as early a next week), one of the final hurdles the two companies need to clear is a national security review. And wouldn’t you know it, with all the stuff that’s been going on with Huawei, the U.S. government is reportedly taking the opportunity to further isolate the China-based technology giant. After T-Mobile’s $26 billion Sprint buyout was first proposed back in April, the Committee on Foreign Investment in the United States (CFIUS) began looking over to deal ensure that it would not pose a risk to U.S. security. Now, according to a report from Reuters, it seems both T-Mobile parent company Deutsche Telekom and Sprint owner Softbank have agreed to at least reconsider their use of Huawei technology. The U.S. intelligence community claims Huawei is a threat due to alleged but unproven concerns of Chinese espionage. As a result, the Pentagon reportedly banned sales of Huawei … [Read more...] about Report: T-Mobile’s Merger With Sprint Is the Latest Battleground Over Huawei