T-Mobile & Sprint Merger Approved by the DoJ

The U.S. Department of Justice has today approved the proposed merger between T-Mobile and Sprint, finally bringing together two of the top four carriers of the country. It is important to know that this decision was made after multiple speculative reports about the merger emerged. However, the two carriers will be relieved with this news, although their hurdles don’t end here.

The merger is part of an agreement between T-Mobile, Sprint and Dish Network. As part of this agreement, Dish will pay 1.4 billion for Sprint’s prepaid business including Boost Mobile, Virgin Mobile, as well as Sprint prepaid. It is said that over 9.3 million customers will be moved over to Dish Network after the deal closes. This move will make Dish Network the fourth largest carrier in the U.S. in place of Sprint, which will be merged with T-Mobile going forward.

The agreement also states that Dish will get “robust access” to T-Mobile’s networks for a period of seven years. Dish, in the meanwhile, will look to enhance and expand 5G coverage in the U.S. Existing customers of all Sprint’s prepaid networks will gradually receive access for the newly agreed upon T-Mobile networks albeit in a “phased approach” as the agreement states.

Further, T-Mobile and Sprint will also offer over 20,000 cell sites and a large bulk of its retail locations to Dish Network. Dish has also acquired Sprint’s nationwide 800 MHz spectrum for an estimated $3.6 billion. You can read all the small details from the DoJ’s official post on its website (link below).

This deal will be formally completed when an application with the FCC is filed after the completion of three years of the merger between the two carriers.

Source: DoJ

Via: TMo News