T-Mobile completes long-awaited mega-merger with Sprint

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T-Mobile CEO John Legere with the Phone BoothE.
T-Mobile CEO John Legere is stepping down as big boss.
Photo: T-Mobile

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.

FCC plans to hit U.S. cellphone carriers with massive fines

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Verizon
All the major carriers are about to get fined.
Photo: Ed Hardy/Cult of Mac

America’s largest cellphone carriers are about to get hit with hundreds of millions of dollars in fines from the Federal Communications Commission according to a report from the Wall Street Journal.

Officials at the FCC found the companies broke the law by selling customers’ location data to third parties and are prepared to make AT&T, Verizon, T-Mobile and Sprint pay big time. The companies have reportedly been notified that fines could be on the way.

T-Mobile and Sprint rejig terms of their megamerger

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T-Mobile/Sprint
The $26 billion deal has been years in the making.
Photo: T-Mobile/Sprint

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.

Judge approves Sprint and T-Mobile megamerger

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t-mobile
Deal has sent stock rocketing upwards.
Photo: T-Mobile

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.

T-Mobile and Sprint merger may finally be approved Tuesday

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T-Mobile CEO John Legere with the Phone BoothE.
Colorful T-Mobile CEO John Legere will hand over the reins to a successor.
Photo: T-Mobile

A verdict regarding the long-delayed megamerger between T-Mobile and Sprint is expected to be announced Tuesday, The New York Times claims.

The ruling would combine America’s third- and fourth-biggest wireless carriers to create one with a massive 100 million customers. It follows an “unusual suit” filed back in June by attorneys general from 13 states, alongside the District of Columbia. They are concerned that a merger would reduce competition in the industry, which could drive up cellphone bills.

T-Mobile makes 5G just $15 a month. Maybe.

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T-Mobile 5G service
T-Mobile 5G hits the airwaves next month, for way less that most people probably expected.
Photo: T-Mobile

When the 5G iPhone launches next year, it’ll be able to connect to the T-Mobile 5G network for as little as $15 a month. That’s half what the carrier currently charges for 4G service.

Dropping prices seems to part of T-Mobile working to convince skeptics that its merger with Sprint will be a big win for consumers. And that’s the ringer here: its new ultra-low cost plan is available only if the merger goes through.

FCC approval makes T-Mobile/Sprint merger almost a done deal

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FCC chairman Ajit Pai isn’t down with China Mobile coming to the United States.
FCC Chairman Ajit Pai openly supports the big T-Mobile/Sprint merger.
Photo: Gage Skidmore/Flickr CC

The Federal Communications Commission reportedly will grant approval for the multibillion-dollar merger of T-Mobile and Sprint. This is one of the last hurdles before the third- and fourth-largest U.S. carriers can blend into a single entity almost as large as AT&T and Verizon.

Say goodbye to Sprint! T-Mobile merger gets green light

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sprint-will-stop-offering-two-year-contracts-to-smartphone-customers-image-cultofandroidcomwp-contentuploads20150814890791433_1f9247f163_h-jpg
You won’t be seeing these signs for much longer.
Photo: Sprint

The US Department of Justice just signed off on the biggest telecommunications deal in many years. This was the last real hurdle in the $26 billion merger of Sprint into T-Mobile.

The carriers had to agree to sell off some assets to win this approval. Still, every iPhone owner who’s a Sprint customer will soon be hearing from T-Mobile.

T-Mobile and Sprint’s merger could earn DoJ approval this week

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T-Mobile CEO John Legere with the Phone BoothE.
Sprint and T-Mobile are 'all-in' on their merger.
Photo: T-Mobile

The long-awaited merger between T-Mobile and Sprint could finally be approved by the Department of Justice this week. The deal requires the agreement of the DoJ in order to proceed.

Provided that it goes through, the merger will create a company valued at $160 billion. The merged companies will also have to help establish a new fourth wireless competitor to replace the one being taken away.

Most Americans are excited about 5G

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2020 could be Apple's greatest year so far
There’s pent-up demand for a 5G iPhone.
Photo: Ed Hardy/Cult of Mac

A large percentage of Americans are happy that 4G wireless networks are being supplanted by faster 5G ones, according to a recent survey by a respected market-research firm. And a majority of US consumers are very interested in getting a phone that supports these speedier networks.