T-Mobile And Sprint Complete Merger, Paving Way For A Dish Wireless Network

📆 4/1/2020 12:28 PM
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T-Mobile US has officially completed a merger with Sprint in a deal that sets up satellite provider Dish to become a new entrant in the wireless space. The combination of the country’s third …

The combination of the country’s third and fourth-largest wireless carriers was annnounced in the spring of 2018 and had to overcome a number of regulatory hurdles and legal challenges.

The new company will be called T-Mobile and have a combined customers base of over 126 million. No immediate plans were revealed for the Sprint brand. Shares will continue to trade on the Nasdaq market with the symbol ‘TMUS.’ Mike Sievert will become CEO effective immediately, replacing John Legere, who will remain on the board through the end of his term in June.

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Legere is out as T-Mobile CEO as Sprint merger officially closesThe T-Mobile-Sprint deal closed today, almost 2 years after the companies announced their intent to merge. We spoke with T-Mobile CEO Mike Sievert, who replaces John Legere effective immediately. 5G!!
Source: CNBC - 🏆 12. / 72 Read more »