T-Mobile US Inc & Sprint Corp Merger Awaits Clearance From Justice Department And FCC
As per reports on Thursday, T-Mobile US Chief Executive John Legere and Chief Operating Officer Michael Sievert along with Sprint executive chairman Marcelo Claure and other senior executives met Federal Communications Commissioner Jessica Rosenworcel to discuss a merger between the two companies. The $26 billion merger aims to take over the market from the leading carriers Verizon and AT&T by offering low prices and promises to build a faster and more reasonable 5G network for customers.
The senators who resisted the deal, put forward that the deal would see an increase in consumer bills by 10%, also it would reduce the number of wireless carriers from four to three.
The merger is awaiting clearance since April 2018 after it received a green signal from its shareholders in October. Both the carriers are trying hard to get the deal sorted by assuring low prices and employment opportunities.
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