T-Mobile and Sprint plan concessions to get US$26.5bil merger cleared


FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK: T-Mobile US Inc and Sprint Corp are planning to announce commitments to the US government including asset sales and rural-service guarantees to help secure regulatory approval for their US$26.5bil merger, according to sources.

The promises 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, said the sources. The new pledges follow talks with the Federal Communications Commission (FCC).

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T-Mobile , Sprint , merger , competition , concessions , merger ,

   

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