2 position from AT&T, and that's semantic. And that accelerated, obviously, their taking over the No. But let me say something: That T-Mobile buying Sprint, added, whatever it was, 40 million customers. Kline: So the T-Mobile-Sprint deal closing is, obviously, a big deal, but we knew that was coming, that's been in the works for a while, there were a lot of questions as to whether it would get approved. So maybe lay the groundwork for why we're going to be discussing T-Mobile today. It's a report that, I think, maybe has been some time coming, but it also got a decent amount of pushback from fans of AT&T, saying it didn't tell the whole story. That's how much of a show this company puts on, they literally had Michael Che and Colin Jost telling jokes for, like, 20 minutes before their presentation.įlippen: So part of the reason why we're going to have this discussion today is because we saw a lot of reports come out last week that T-Mobile, now combined with Sprint, of course, have overtaken AT&T ( T 0.23%) to become the second-largest carrier here in the U.S. I actually went to one of their earnings call presentations once, and it was hosted by the Weekend Update guys. It amazes me, actually, that we've never done this, because this is a company I think about a lot. ![]() Dan, how are you?ĭan Kline: I am good, very excited to be doing this. Today, I am joined by Dan Kline, and we're going to be discussing T-Mobile ( TMUS 0.43%) and U.S. It's Tuesday, August 11, and I'm your host Emily Flippen. The company did not respond to a request for comment Wednesday.Ī smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018.This video was recorded on August 11, 2020.Įmily Flippen: Welcome to Industry Focus. T-Mobile has said that it expects to close the deal as early as April 1. Commissioners may vote on the proposal on April 16.Ī federal judge in Washington, D.C., must still approve the Justice Department settlement. Many of the conditions are similar to what the companies already agreed to. The California Public Utilities Commission on Wednesday issued a proposal approving the deal, with conditions including backup power in emergencies. The states had argued that Dish was not an adequate replacement for Sprint in the wireless market. As part of its deal with the federal government, T-Mobile and Sprint agreed to set up satellite TV company Dish as a new cellular competitor, though it will be a much smaller one. The Justice Department and the Federal Communications Commission approved the merger last year. ![]() That won’t last long for a family that streams video. The internet offer is capped at 100 gigabytes for the year, or about 8 gigabytes a month. ![]() The California settlement also requires T-Mobile to do what the company already said it would in a November announcement - offer free internet service and Wi-Fi hotspots to 10 million low-income households with kids nationwide. It will freeze prices for five years for Californians rather than three years at the national level, for example. In the settlement, T-Mobile also agreed to additional price and job protections in California beyond the deals struck with federal regulators, as the company has done in individual settlements with such states as Colorado and Texas, both of which left the state coalition before the trial began. regulators expand antitrust probe into 5 giant tech companies He did not say how much the states spent. New York decided a few days later not to appeal.īecerra said Wednesday that T-Mobile would reimburse the remaining 12 states and the District of Columbia up to $15 million combined for the costs of investigating and litigating the antitrust case. A federal judge in New York sided with the companies in February. ![]() The companies also said the deal would lead to lower prices, as they can better compete with the now-larger AT&T and Verizon. The companies said the deal would benefit consumers by helping the companies build a better next-generation, 5G wireless network than each could do alone. They had argued that eliminating a major wireless company would harm consumers by reducing competition and adding billions of dollars to phone bills. NEW YORK (AP) - California’s attorney general said Wednesday that the state will not appeal a judge’s decision approving T-Mobile’s $26.5 billion purchase of Sprint, bringing the companies closer to creating a new wireless giant on par with AT&T and Verizon in size.Īttorney General Xavier Becerra and New York Attorney General Letitia James led a coalition of 14 state attorneys general who sued to stop the deal.
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