Plus   Neg

T-Mobile, Sprint Reportedly Plan To Announce Commitments To Get Merger Approval

T-Mobile US Inc. (TMUS) and Sprint Corp. (S) are planning to announce new commitments to the U.S. government including asset sales and rural-service guarantees to help secure regulatory approval for their $26.5 billion merger, according to Bloomberg reported citing people familiar with the matter.

The commitments, which follow talks with the Federal Communications Commission, include the sale of one of their prepaid brands, a three-year buildout of their 5G network, and a reiterated pledge not to raise prices while the network is being constructed, the report said.

The concessions could be announced as early as this week and should help ease the regulatory approval process for the deal, the report said.

The report indicated that the companies would hive off Sprint's Boost brand while keeping their Virgin Mobile and T-Mobile's Metro labels. The three together make up the largest segment of the U.S. pay-as-you-go market, with about 42% share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google CEO Sundar Pichai announced Monday a $10 billion Google for India Digitization Fund to help accelerate India's digital economy. The investment is planned over the next five to seven years through equity investments, partnerships, and operational, infrastructure and ecosystem investments. Logistics solutions provider Hi-Crush Inc. (HCR) announced Monday that it has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Hi-Crush has also entered into a Restructuring Support Agreement... Analog Devices, Inc. (ADI) and Maxim Integrated Products, Inc. (MXIM) announced Monday that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion. The transaction, which was unanimously approved...
Follow RTT