After almost two years, T-Mobile and Sprint’s $26 billion merger is now officially a done deal. The result is the “New T-Mobile” that has big aspirations for moving the US wireless market forward.
Detailed in a press release today, as the deal has closed, T-Mobile CEO John Legere has stepped down and former COO Mike Sievert has taken the role of CEO of the New T-Mobile. That was an expected move but not quite this fast as the original plan was for the transition to happen in May.
Back in February, T-Mobile and Sprint cleared what looked like the final hurdle as a judge dismissed a suit brought by Attorneys general from 13 states plus the District of Columbia that sought to block the merger. Shortly after, the two carriers updated the terms of the deal and signs pointed to an April 1st closing, which came to fruition today.
Now for the New T-Mobile, the carrier has some a lot of work ahead to fulfill its promises that were made. As we’ve reported before, here are the major commitments from the new carrier:
- Build a world-class nationwide 5G network – leapfrogging Verizon and AT&T.
- Ensure American Consumers Will Pay Less and Get More.
- Allow Millions of Americans to “cut the cord”.
- Bring Rural Americans Better Service.
- New Choices for Video and Enterprise Customers.
- Create Thousands of Additional American Jobs.