T-Mobile US officially announced its merger with Sprint. The $23 billion deal combines the #3 and $4 carriers in the US (in terms of subscribers) into “The New T-Mobile”.
Sprint’s spectrum and subscribers will be transitioned to T-Mobile and as part of a deal made with US regulators, Sprint will sell its prepaid assets including Boost Mobile, its 9.3 million subscribers, more than 7000 retail stores, and its 800Mhz band spectrum to Dish Network, creating a new #4 carrier in the US. Dish will maintain these subscribers on T-Mobile’s networks as an MVNO under a seven-year lease while it develops and rolls out its own 5G network. Boost Mobile will be transitioned under the Dish Network brand.
T-Mobile will offer access to 5G without added rates and the carrier promises it won’t change pricing for three years – we hope the company does not raise rates, as anti-merger arguments surrounded this very topic.
Legere stepped in as T-Mobile’s CEO in 2012 in a time when carriers got rid of unlimited plans. He’s credited with shaking up the wireless industry with T-Mobile’s “Uncarrier” movement that challenged its competitors’ marketing and pricing tactics.
Over the course of Legere’s time as CEO, T-Mobile grew from 33.3 million subscribers at the end of the third quarter of 2012, to 86 million customers at the end of the fourth quarter of 2019, which include its Metro by T-Mobile (acquisition of Metro PCS and its transition to “Metro by T-Mobile” also happened under Legere) customers as well.
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