Company That Merged with Sprint in 2020: What You Need to Know

T-Mobile acquired Sprint in a massive merger that was completed in April 2020.

The combined company, T-Mobile US, Inc., has a total of around 96 million subscribers.

T-Mobile's CEO, Mike Sievert, has emphasized the benefits of the merger, including increased investment in 5G and improved customer service.

The merger was initially approved by the US Department of Justice in July 2019 after T-Mobile agreed to sell certain assets to Dish Network.

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T-Mobile's merger with Sprint in 2020 created the "New T-Mobile" with an enterprise value of approximately $146 billion and over 125 million customers.

The merger will help cut costs for building a 5G network, making it more feasible for T-Mobile to expand its coverage.

Within six years, T-Mobile says its 5G network will cover 99 percent of the U.S. population with effective coverage.

T-Mobile has an inside track for genuine 5G network leadership due to the unique combination of low-band, midband, and millimeter wave spectrum.

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Midband spectrum, in particular, provides a happy medium between low-band and millimeter waves, offering faster speeds and the ability to pass through walls.

This combination of spectrums will allow T-Mobile to deliver faster speeds and better quality to American consumers, increasing competition and resulting in lower prices.

The merger has overcome significant obstacles, including a multistate lawsuit filed by state attorneys general in an attempt to block the deal.

T-Mobile's evidence presented at trial demonstrated that the merger will transform the U.S. telecommunications landscape, increase competition, and result in lower prices and better quality for American consumers.

The merger between T-Mobile and Sprint was completed on April 1, 2020.

T-Mobile emerged as the "New T-Mobile" with an enterprise value of approximately $146 billion and over 125 million customers.

The merger created a new telecommunications giant, with a significant presence in the US market.

This historic merger was a result of years of planning and negotiation, culminating in a successful antitrust clearance from the DOJ in July 2019.

The DOJ settlement allowed T-Mobile to move forward with the merger, paving the way for the FCC's approval in October 2019.

Cleary Gottlieb acted as lead antitrust counsel to T-Mobile throughout the merger process, providing guidance on regulatory approvals and state reviews.

T-Mobile successfully overcame a multistate lawsuit filed by 13 states and the District of Columbia, which alleged that the merger would harm competition in the mobile telecommunications market.

US District Judge Victor Marrero issued a decision on February 11, 2020, allowing the merger to proceed after a two-week trial in December 2019.

T-Mobile has promised to freeze prices for the next three years as part of its agreement with federal regulators. This means customers can expect no price increases for at least the next three years.

The combined company won't charge extra for 5G connectivity, which is a departure from Sprint's current policy of only offering 5G service in its two most expensive unlimited plans. This change could benefit customers who want to take advantage of 5G technology without paying extra.

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T-Mobile currently offers about a half-dozen unlimited data plans, but it's unclear how the company will structure its service offerings after the merger. This uncertainty may leave customers wondering which plan is best for them.

The most basic unlimited talk, text, and data plans offered by T-Mobile and Sprint start around $65 for one phone. This price point is a good starting point for customers who want to compare prices across different carriers.

T-Mobile is likely to shift Sprint's customers to its lower-priced plans, although this won't happen right away. This could be a good option for cost-conscious customers who want to save money on their phone bill.

T-Mobile will likely move away from Sprint's signature 18-month leases, which allowed customers to get the latest smartphone technology at a subsidized rate. Instead, the company will favor traditional financing practices used by Verizon and AT&T, which allow customers to pay off their phone over two years or more.

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The new leadership under T-Mobile's CEO has brought a promising change to customer service. In fact, T-Mobile already ranked higher than the other Big Four providers for overall satisfaction, with a particular strength in customer support.

T-Mobile's "industry leading customer care" has earned a favorable mark, setting a high standard for the combined company. This is a significant improvement over AT&T and Sprint, which earned the worst mark on customer support.

With T-Mobile's CEO at the helm, Sprint customers may see a noticeable improvement in customer service. The company has promised to provide all new customers with the same excellent customer care as its current customers.

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Sprint customers might be in for a pleasant surprise if the merger with T-Mobile goes through. T-Mobile has consistently placed higher than the other Big Four providers for overall satisfaction.

T-Mobile earned a favorable mark for customer support, which is a significant improvement over its competitors. AT&T and Sprint, on the other hand, earned the worst mark on that measure.

With T-Mobile's CEO in charge of the combined company, Sprint customers could see at least some improvement. The company has promised to provide all new customers with the same "industry leading customer care" as its current ones.

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John Legere left his role as CEO of T-Mobile US, handing the reins to Mike Sievert, who took on his new role as CEO on April 1st. This was a month earlier than planned.

Legere was credited with turning T-Mobile's performance around after his appointment in 2012, orchestrating its Uncarrier approach which challenged established rivals AT&T and Verizon. He orchestrated a significant change in the company's approach.

Sievert noted the operator's accomplishments since were "the result of his vision for what a different kind of wireless provider could be."

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