Mobile Sprint Merger: No Price Hike for 3 Years, CEO Says

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Mobile Sprint Merger: No Price Hike for 3 Years, CEO Says

Both T-Mobile and Sprint have told regulators that the deal needs to be approved in order for the U.S.to be a leader in 5G connectivity.

John Legere, T-Mobile US CEO said that, "We love NY!" For Sprint and T-Mobile to merge into "New T-Mobile", a lot of hearts need to be won over.

To remove any remaining doubt or concerns about New T-Mobiles prices while we are combining our networks over the next three years, T-mobile today is submitting to the Commission a commitment that I stand behind – a commitment that New T-Mobile will make available the same or better rate plans for our services are those offered today by T-Mobile or Sprint. I want to assure you that we would never do this.

Those are the words from T-Mobile CEO John Legere, who is well known for uttering bold statements.

Claure told senators in June that Sprint would have a hard time deploying 5G on its own.

At the hearing, which is set to take place on February 13, the House Energy and Commerce Committee and the Judiciary Committee will "examine the merger's potential impacts on consumers, workers and the wireless industry". The next two hurdles to cross are clearances from the Department of Justice and FCC.

"New T-Mobile's commitment to bridging the digital divide is further illustrated by its pledge to continue supporting Sprint's signature corporate philanthropy - the 1Million Project", T-Mobile said in its filing with the Public Service Commission of NY.

Shares of T-Mobile were down 3.69 percent as of 4:04 p.m. ET on Tuesday, while shares of Sprint were down 6.09 percent.

T-Mobile says that if a merger deal with Sprint goes through, the Greater Rochester area will have one of five new "T-Mobile Customer Experience Centers" and that will create at least 1,000 jobs in Upstate New York. A T-Mobile and Sprint store sit side-by-side in a strip mall on April 30, 2018 in El Cerrito, California. "Today's news makes clear that T-Mobile knows that its merger is in trouble".

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