Saturday, 23 February, 2019

Mobile vows not to raise prices if Sprint merger approved

An image of John Legere and other T Mobile employees at the Senate Judiciary Subcommittee meeting Fortune
Katie Ramirez | 07 February, 2019, 10:37

T-Mobile CEO John Legere posted an open letter to the FCC discussing the proposed T-Mobile-Sprint merger.

A broad claim like that sounds good on paper, but Legere went a step further near the end of his letter, promising the FCC that, for the next three years, New T-Mobile's rates will be "the same or better" as what either T-Mobile or Sprint now offer.

T-Mobile and Sprint have been making the case for their merger, which needs federal approval, for months. And top T-Mobile execs, including chief executive John Legere, have spent significant time staying at the Trump hotel in Washington, though Legere has said he hopes regulators will "make their decision based on the benefits it will bring to the USA, not based on hotel choices".

The wireless operators say that joining forces will increase competition that could help with the introduction of super-fast 5G network speeds.

"By 2024, the New T-Mobile network will have approximately double the total capacity and triple the total 5G capacity of T-Mobile and Sprint combined, with 5G speeds four to six times what they could achieve on their own", T-Mobile wrote in the filing. It is undergoing an antitrust review by the Justice Department and the FCC must decide that the transaction is in the public interest.

More news: Benzema, Vinicius lead Real to fourth straight win

“I want to reiterate, ” reads the letter, “.T-Mobiles rates are NOT going to go up.

T-Mobile has officially said that, when its merger with Spring merger is done, its customers will get to pay less and get more.

T-Mobile says that the new customer care employees will be eligible to receive benefits and opportunities such as significant management preparation experience, career development paths and college tuition reimbursement.

The 4Competition group includes some telecom unions like the Communications Workers of America, which fear job losses from the merger, as well as more direct rivals like Dish Network (dish) and Cspire.

Shares of T-Mobile were down 3.69 percent as of 4:04 p.m. ET on Tuesday, while shares of Sprint were down 6.09 percent.

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