It’s not too soon to pick out the best 5G network for your 5G iPhone. And right now, there are two top contenders, according to testing dozen by an analytics firm. Verizon offers the fastest download speeds by a wide margin. And T-Mobile offers 5G in a much broader area.
T-Mobile is wasting no time expanding — and solidifying — its 5G network in the U.S. following its recently completed merger with Sprint. The two companies, now one, are combining their networks following the landmark merger.
On Tuesday, T-Mobile announced that its 5G 2.5 GHz mid-band spectrum is now live in parts of Philadelphia, offering T-Mobile customers with compatible 5G phones the opportunity to take advantage of the new super-speedy connectivity — with peaks of nearly 600 Mbps.
The T-Mobile and Sprint merger is now officially complete, transforming the third and fourth-biggest wireless carriers in the U.S. into a more giant-sized rival to take on Verizon and AT&T.
The New T-Mobile, as it will be known, will be run by CEO Mike Sievert. Sievert takes over from T-Mobile boss John Legere, who has been chief executive of T-Mobile since 2012. Legere will remain on T-Mobile’s board until June.
T-Mobile and Sprint have finalized their deal terms as their all-stock “New T-Mobile” merger continues to head toward completion. They’re hoping that the megamerger could be officially approved as early as April 1.
Originally, Sprint owner SoftBank was scheduled to trade 9.75 shares for each T-Mobile share. According to the new agreement, it will trade 11 shares per T-Mobile share. Sprint’s other shareholders will get the original exchange ratio.
T-Mobile’s $26 billion merger with Sprint has been given the go-ahead by a U.S. district judge, rocketing the companies’ stock prices upward.
Sprint increased 74% this morning, hitting $8.34. T-Mobile, meanwhile, increased 11% to $93.62. However, the deal won’t officially be done until the California Public Utilities Commission approves the merger.