T-Mobile and Sprint Merger Completed... Establishing the Top 3 US Telecom Giants

[Asia Economy Reporter Seulgina Jo] The merger between the United States' third-largest mobile carrier T-Mobile and fourth-largest Sprint, which had failed twice before, has been completed. The U.S. mobile market, which had declared itself the leader in 5G dominance, is now reorganized into a three-player system.

According to IT specialized media such as The Verge, T-Mobile and Sprint officially announced on the 1st (local time) that the merger process was completed. The merged company's name is T-Mobile. Originally, both companies planned to complete the merger by mid-last year, but the process took longer due to delays in approval procedures from the U.S. Department of Justice and the Federal Communications Commission (FCC).

The merged company's subscriber base is approximately 80 million, forming a three-player system with Verizon (140 million) and AT&T (75 million). It is traded on NASDAQ under the ticker TMUS. On this day, T-Mobile did not disclose detailed operational plans regarding the Sprint brand going forward.

During the regulatory approval process, T-Mobile promised that it would not raise mobile service prices for the next three years and would further reduce prices through synergies from the merger. Additionally, it pledged to build a 5G network covering 97% of the U.S. population. The California Public Utilities Commission (CPUC) conditionally submitted the merger approval plan last month and will announce the final decision on the 16th.

The merged company is funded 24% by Japan's SoftBank and 43% by Deutsche Telekom, the parent company of T-Mobile.

This content was produced with the assistance of AI translation services.