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89-464: In December 2013, multiple reports indicated that Sprint Corporation and its parent company, SoftBank , were working towards a deal to acquire a majority stake in T-Mobile US for at least US$ 20 billion. The proposed merger would have further bolstered T-Mobile's position in the overall market and resulted in the country's major national carriers being controlled by only three companies. Members of

178-594: A Samsung Galaxy S20 5G will have access to the new T-Mobile 5G network, but all other legacy Sprint customers will have to upgrade to a new device to continue having access to 5G, otherwise their current device will run on LTE only. T-Mobile did offer a trade in deal to upgrade to a new device for legacy Sprint 5G customers. On June 16, 2020, T-Mobile announced that it was laying off hundreds of Sprint employees. The employees that are being let go will have their jobs until August 13 and are getting severance packages that are reportedly worth around two weeks’ pay for each year on

267-555: A $ 129 billion merger agreement between the two companies. The deal would have been the largest corporate merger in history at the time. However, due to pressure from the United States Department of Justice and the European Union on concerns of it creating a monopoly, the deal did not go through. In 1999, Sprint began recombining its local telecom, long-distance, wireline, and wireless business units into

356-723: A $ 16 billion all-cash counter-bid to acquire a 56% stake in T-Mobile US and to be funded using equity and debt. Iliad is the parent company of French carrier Free Mobile , which had, like T-Mobile, undertaken disruptive business moves to undercut its competitors, triggering a "price war" among them upon its launch in 2012. Credit Suisse analysts felt that the bid would not be attractive to the company's current shareholders due to its lower value in comparison to Sprint's bid, but could "put pressure on Sprint to move sooner rather [than] later." On August 4, 2014, Bloomberg reported that Sprint had abandoned its bid to acquire T-Mobile, considering

445-523: A 33 percent stake in the music streaming service Tidal . Sprint derives revenue as a wireline IP network operator and as a long-distance telephony provider. Sprint is the United States' fourth largest long-distance provider by subscribers. In 2006, Sprint Nextel exited the local landline telephone business, spinning those assets off into a newly created company named Embarq , which CenturyTel acquired in 2008 to form CenturyLink . SprintLink

534-414: A few key Nextel executives remained, with many former Nextel middle- and upper-level managers having left, citing reasons including the unbridgeable cultural difference between the two companies. In 2006, Sprint spun off its local telephone operations, including the former United Telephone companies and Centel , as Embarq . Sprint's acquisition of Nextel was a disaster from a fiscal standpoint in 2008,

623-623: A final decision on the pending application, scheduled for the April 16 Voting Meeting. Mike Sievert, new T-Mobile's CEO, stated that he has the view that “the Commission lacks jurisdiction over this transaction” and that T-Mobile believes that the FCC has exclusive authority to approve wireless deals. On April 16, 2020, the CPUC formally voted and unanimously approved the merger. The merger was approved on

712-492: A merger in April 2018 and announced a merger agreement on April 29. On September 21, 2018, Tracfone Wireless voiced its support for the merger. They stated "With the merger of T-Mobile and Sprint, and the resulting more rapid deployment of a nationwide 5G network with broader coverage, greater capacity, higher throughput and lower latency, the wholesale market place will be more competitive with three full service competitors, rather than two. The increase in competition should have

801-424: A nationwide network to provide wireless personal communications service (PCS), and also affirm their support for a single integrated offering of wireless, local telephone and long distance services in a package with cable television service In 1995, Sprint and its cable television associates entered into a partnership with American Personal Communications (APC) to create a digital wireless network. In November 1995,

890-480: A new company, in an initiative known internally as "One Sprint". In April 2004, the separately traded wireless tracking stock PCS was absorbed into the New York Stock Exchange FON ticker symbol, Sprint's former ticker symbol (FON stood for "Fiber Optic Network", but was also a homophone of the word "phone"). This was challenged in many lawsuits by Sprint PCS shareholders who felt their stock

979-422: A potential deal being reached, both T-Mobile and Sprint announced on November 4, 2017, that while they have had discussions about a possible merger, the two parties had decided to end merger talks due to not being able to agree on the terms of the deal, due to Softbank's board of directors reported vote on October 27 where they decided not to give up control of Sprint. Sprint and T-Mobile once again resumed talks of

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1068-417: A separate entity, and will remain a CDMA carrier until it is an all-LTE carrier. On April 15, 2013, Dish Network announced a higher bid for Sprint Nextel than the offer placed by SoftBank, with a $ 25.5 billion offer. On June 18, 2013, Dish retracted its bid and decided that it would instead focus on its intent to purchase Clearwire , however on June 26, 2013, Dish also retracted its bid for Clearwire, leaving

1157-425: A strategic alliance with Call-Net Enterprises, a Canadian long-distance service provider, and bought 25 percent of the company. Call-Net's long-distance service was renamed "Sprint Canada" and expanded to include landline and internet services. In 2005, Call-Net and Sprint Canada's 600,000 customers were acquired by Rogers Communications . In March 1993, Sprint merged with Chicago's Centel Corp. Centel remained in

1246-518: A subsidiary of T-Mobile until the Sprint brand officially discontinued in the beginning of August. Leadership, background, and stock changes happened immediately, with customer-side changes happening over time. The Sprint brand officially discontinued on August 2, 2020. Billing was already showing the T-Mobile brand, and on this date all retail, customer service, and all other company branding switched to

1335-539: A sustainable long-term competitive strategy [to remain a viable competitor]." On October 18, 2019, T-Mobile signed diversity agreements with various civil rights groups as part of the merger. On February 13, 2020, it was reported that Deutsche Telekom wanted to renegotiate the price of the deal as Sprint's share have been trading below what they were when the deal was first agreed upon, discussions are expected to start soon. On February 16, 2020, New York Attorney General Letitia James announced that she would not appeal

1424-605: A total of five years, to enact Project 10 Million, part of the New T-Mobile Un-carrier 1.0 move, that will offer a free hotspot device and 100 GB of free broadband internet per year for five years to 10 million low-income households, for all current T-Mobile and Sprint employees in California must receive an offer of “substantially similar employment” with New T-Mobile, to make the number of New T-Mobile employees in California will be equal to or greater than

1513-499: A vote. When the merger closed on April 1, 2020, the merger had not been approved by the California Public Utilities Commission . This could have led to several implications to the combined business, ranging from litigation to inability to combine operations in California. The CPUC released an order stating that they cannot begin the merger of their California operations until after the CPUC issues

1602-410: Is a global Tier 1 Internet service provider network, operating an 100G Internet backbone . Customers include large multinational corporations , government agencies, retail and restaurant chains, Tier 2 and Tier 3 ISPs, and medium-to-small businesses. SprintLink has physical presence in 155 countries, including the United States, Western Europe, East Asia, Australia, and India. The network wraps all

1691-518: Is how they plan to use their combined spectrum to deploy a nationwide 5G network, and he said during his remarks that “one of the most critical steps that the FCC can take is to approve the T-Mobile/Sprint transaction." He went on to say that Sprint has much mid-band spectrum, but that “the company standing alone does not have the capacity to deploy 5G in this spectrum throughout large parts of rural America.” The combined T-Mobile-Sprint will have

1780-630: Is significant because he was the last of the two leaders in the lawsuit, the other being New York Attorney General Letitia James. Also on March 11, 2020, the California Public Utilities Commission announced a proposal to approve the merger. The conditions of approval include to provide 5G wireless service with speeds of at least 100 Mbit/s to 99 percent of California's population by the end of 2026; to provide 5G wireless service with speeds of at least 100 Mbit/s to 85 percent of California's rural population, and speeds of at least 50 Mbit/s available to 94 percent of California's rural population, by

1869-452: Is significant because she was one of the two leaders in the lawsuit, the other being California Attorney General Xavier Becerra . On February 20, 2020, T-Mobile and Sprint announced a new Business Combination Agreement, renegotiated due to the fact that Sprint's churn has risen and average revenue per user has fallen since the merger was first announced. The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from

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1958-604: The Boost Mobile and Open Mobile brands and wholesale access to its wireless networks to mobile virtual network operators . In July 2013, majority ownership of the company was purchased by the Japanese telecommunications company SoftBank Group . Sprint used CDMA , EvDO and 4G LTE networks, and formerly operated iDEN , WiMAX , and 5G NR networks. Sprint was incorporated in Kansas. Sprint traced its origins to

2047-526: The Greenlining Institute , and Writers Guild of America West . On June 18, 2018, Sprint and T-Mobile filed documents with the FCC, which opened the transaction for public commentary and set the stage for the agency to either issue a red light or a green light on the merger. FCC docket 18-197 would be the official home for documents relating to the proposed merger. FCC granted their request to withhold "competitively sensitive information" from

2136-440: The U.S. Federal Communications Commission (FCC), although a fax service (called SpeedFAX) was permitted. In the mid-1970s, SPC held a contest to select a new name for the company. The winning entry was "SPRINT", an acronym for "Southern Pacific Railroad Internal Networking Telephony". In 1982, it was announced that GTE Corp. had reached an agreement to buy SPC's long-distance telephone operation, including Sprint. The deal

2225-460: The 300 Mbit/s/2024 condition is “out of sync” with the other requirements. For example, one condition requires T-Mobile offer speeds of 100 Mbit/s to at least 86 percent of California's population by the end of 2023, then T-Mobile is required to triple those speeds to 300 Mbit/s for 93 percent of the population in just one year. Then T-Mobile is expected to have speeds of at least 100 Mbit/s for 99 percent of California's population by

2314-570: The Brown Telephone Company and Southern Pacific Railroad . Brown Telephone Company was founded in 1899 by Cleyson Brown , to deploy the first telephone service to the rural area around Abilene, Kansas . The Browns installed their first long-distance circuit in 1900 and became an alternative to the Bell Telephone Company , the most popular telephone service at the time. In 1911, C. L. Brown consolidated

2403-541: The Brown Telephone Company with three other independents to form the United Telephone Company . C. L. Brown formed United Telephone and Electric (UT&E) in 1925. In 1939, at the end of the Great Depression , UT&E reorganized to form United Utilities . In 1964, Paul H. Henson became president of United Utilities; two years later, he was named chairman. When Henson began working at

2492-486: The Brown Telephone Company, which was founded in 1899 to bring telephone service to the rural area around Abilene , Kansas . In 2006, Sprint left the local landline telephone business and spun those assets off into a new company named Embarq , which later became a part of Lumen Technologies under the CenturyLink brand, which remains one of the largest long-distance providers in the United States. Until 2005,

2581-570: The Chicago area and was renamed Sprint Cellular Co. In 1994, Sprint spun off their existing cellular operations as 360° Communications to comply with an FCC regulatory mandate. In 1998, 360 Communications was acquired by Alltel , which was in turn acquired by Verizon in 2009. In 1994, Sprint announces plans for a powerful new venture with three of the nation's major cable television companies, Tele-Communications Inc. (TCI), Comcast Corp. and Cox Cable . The four companies outline plans to build

2670-628: The Connected Officer program for the Los Angeles Police Department in partnership with Samsung , VMware , and Prodapt. Sprint wireline is also responsible for traditional telecommunications relay service (TRS), speech to speech relay service (STS), and captioned telephone service (CTS). Sprint is in the process of upgrading these services from a TDM network to an IP-based network Sprint Corporation offered postpaid wireless voice and data services primarily under

2759-664: The LTE sites of Sprint's network alone if they have a device compatible with T-Mobile's LTE network. They also stated all Sprint subscribers will soon have access to the entire network (regardless of roaming or not) but did not give details on that further, and it will most likely require a device and/or SIM card change. On July 2, 2020, T-Mobile confirmed that it had officially shut down the entire Sprint 5G network to legacy Sprint customers. As stated above, T-Mobile has deactivated Sprint's 2.5 GHz 5G service so that it can refarm that spectrum for use on its own network. Any Sprint customer with

Merger of Sprint Corporation and T-Mobile US - Misplaced Pages Continue

2848-640: The Nextel brand to set up networks in many Latin American countries. Following Sprint's purchase of Nextel, Nextel sold all of its investment in NII Holdings. The integration process was difficult due to disparate network technologies. Sprint tried to address this with the advent of PowerSource phones. These phones routed voice call and data services over Sprint's PCS spectrum while maintaining DirectConnect services over 800 MHz spectrum. However, this

2937-561: The Sprint brand. The Sprint Prepaid Group was a division of the company formed in May 2010 that is responsible for the operations of Sprint's pre-pay subsidiaries. SPG's branded products and services are sold via web and available at retailers nationwide, including Best Buy , Walmart , Target and other independent dealers. Boost Worldwide, Inc. was a wholly owned subsidiary of Sprint that provides nationwide, prepaid wireless voice, messaging and broadband data products and services to customers in

3026-566: The T-Mobile Tuesdays benefit to all Sprint postpaid customers. On July 16, 2020, T-Mobile launched Scam Shield, a service to protect customers from phone scammers. On July 22, 2020, T-Mobile announced new 5G unlimited tariff plans for T-Mobile US and Sprint customers with aggressive pricing. On July 16, 2020, T-Mobile announced that the Sprint brand will be officially discontinued on August 2, 2020. On this date all retail, customer service, and all other company branding will switch to

3115-450: The T-Mobile brand. New rate plans were also introduced as well for all new and existing customers from both companies, though all will be grandfathered into their current plan for at least 3 years should they choose not to switch to a new T-Mobile plan. Customers with Sprint accounts were fully migrated to T-Mobile in the summer of 2023 officially discontinuing the Sprint brand. The Sprint Corporation traces its origins to two companies,

3204-684: The T-Mobile brand. T-Mobile has since made the majority of Sprint's website redirect to t-mobile.com; Sprint's coverage map and their account are the two main parts of their website left. The Sprint brand was officially amalgamated into T-Mobile on August 2, 2020. No new customers will be accepted to the Sprint network or plans going forward, and current Sprint customers can walk into almost any T-Mobile store (and vice versa) to be helped. Customer service and websites were also integrated this day as well. As stated prior, current customers with both companies will be able to keep their current account, plan, and/or phone for at least 3 years while being switched over to

3293-491: The capacity to do that, he claimed, pointing to a T-Mobile and Sprint commitment to deploy mid-band 5G to 88 percent of the U.S. population, including two-thirds of rural consumers. “We should seize the opportunity to provide 5G to rural America and close the digital divide,” he said. On August 28, 2018, the Communications Workers of America (CWA) said that it opposed the merger between T-Mobile and Sprint in

3382-430: The closing of the merger, T-Mobile parent company Deutsche Telekom will hold approximately 43% of New T-Mobile's shares while SoftBank will hold 24% and the remaining 33% will be held by public shareholders. The previous deal saw DT getting 42%, SoftBank getting 27%, and public shareholders getting 31%. The new agreement had an outside/long stop date of July 1, 2020, which is when either and/or both parties can walk away from

3471-406: The company wrote down $ 29.7 billion of the $ 36 billion sum it had paid for Nextel in 2005, wiping out 80 percent of the value of Nextel at the time it had been acquired. The write down reflected the depreciation in Nextel's goodwill since the date of acquisition. Prior to their merger, Sprint and Nextel were dependent on a network of affiliated companies. Following the announcement of

3560-595: The company began to offer wireless service under the Sprint Spectrum brand in the Baltimore-Washington metropolitan area . This was the first commercial Personal Communications Service (PCS) network in the United States. Although the Sprint PCS service was CDMA , the original Washington-area network used GSM . Eventually, Sprint launched its new nationwide CDMA network, then in 1999 sold

3649-576: The company for the first time. In 1990, Henson retired from United Telecommunications; by this time the company's revenues had grown to $ 8 billion. Sprint also traces its roots back to the Southern Pacific Railroad (SPR), which was founded in the 1860s as a subsidiary of the Southern Pacific Company (SPC). The company operated thousands of miles of track as well as telegraph wire that ran along those tracks. In

Merger of Sprint Corporation and T-Mobile US - Misplaced Pages Continue

3738-498: The company in 1959, it had 575,000 telephones in 15 states and revenues of $ 65 million. Henson is credited with creating the first major fiber optic network, having recognized it as a way to handle more calls and provide better quality sound. In 1972, United Utilities changed its name to United Telecommunications . In 1980, United Telecommunications began working on a 23,000 mile fiber optic network for long-distance calls. In 1989, this long-distance business became profitable for

3827-551: The company to 80%. On November 7, 2012, Sprint Nextel announced the acquisition of 20 MHz of spectrum and 585,000 customers from U.S. Cellular in Chicago, St. Louis, central Illinois and three other Midwest markets. The deal was expected to close in mid-2013. Prior to July 9, 2013, Sprint Nextel only owned a 50.8% equity interest in Clearwire Corporation ; On December 17, 2012, Sprint Nextel agreed to pay US$ 2.97 per share, US$ 2.2 billion in total, to purchase

3916-566: The company was also known as the Sprint Corporation, but took the name Sprint Nextel Corporation when it merged with Nextel Communications and adopted its black and yellow color scheme, along with a new logo. In 2013, following the shutdown of the Nextel network and concurrent with the acquisition by SoftBank, the company resumed using the name Sprint Corporation. In July 2013, as part of the SoftBank transactions, Sprint acquired

4005-550: The company. United Telecom announced it would complete its acquisition of US Sprint on April 18, 1990. United Telecom later officially changed its name to Sprint Corporation to capitalize on its brand recognition. Sprint Corporation entered the Canadian market in the early 1990s as a reseller of bulk long-distance telephone lines that it bought from domestic companies. Under Canadian foreign ownership regulations, Sprint could not open its own network. In 1993, Sprint entered into

4094-424: The conditions stated in the above section . This was the final state or federal regulatory hurdle in the merger, although the merger was already closed when this approval occurred. Still, this does mean the two companies can combine all operations in California without risk of further litigation, so long as the conditions are met. The deal officially closed on April 1, 2020. The companies have stated that, over time,

4183-560: The court's decision in favor of the merger. Rather than appeal, James says she would like to work with the carriers to help consumers get the best service and prices. She stated, “After a thorough analysis, New York has decided not to move forward with an appeal in this case. Instead, we hope to work with all the parties to ensure that consumers get the best pricing and service possible, that networks are built out throughout our state, and that good-paying jobs are created here in New York.” This

4272-471: The current number of T-Mobile and Sprint employees, to open a new customer support center in Kingsburg, CA that will create approximately 1,000 new jobs, to increase participation in employee Diversity and Inclusion program to 60% within 3 years, and to reimburse California and other states that participated in merger lawsuit for the costs of the investigation and litigation, up to a total of $ 15 million. This

4361-635: The deal if it has not closed yet. On March 11, 2020, California Attorney General Xavier Becerra announced he will not appeal the judge's decision made during the previous month to reject the state AGs’ lawsuit against the T-Mobile-Sprint merger. He, instead, struck a settlement with the defending parties. The terms of the settlement include making its low-cost T-Mobile Connect plans available in California for at least 5 years, that T-Mobile customers can keep their T-Mobile plans held in February 2019 for

4450-489: The deal, the company entered into a partnership with Sprint to serve as co-tenants in 1,435 of its locations, beginning on April 10, 2015. Roughly a third of the retail space in each location is dedicated to Sprint products and services, and the stores will ultimately adopt Sprint as their primary brand in place of RadioShack. Sprint stated that this deal would increase the company's retail footprint by more than double. On January 23, 2017, Sprint announced that they were buying

4539-439: The decommissioned GSM infrastructure to Omnipoint which re-launched in May 2000. Omnipoint was later acquired by VoiceStream Wireless, which like Sprint would eventually be acquired by T-Mobile. In September 1996, Sprint announced a deal with RadioShack , and in 1997, Sprint stores opened at RadioShack to offer communications services and products across the United States. On October 5, 1999, Sprint and MCI WorldCom announced

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4628-636: The early 1970s, the company began looking for ways to use its existing communications lines for long-distance calling. This division of the business was named the Southern Pacific Communications Company. By the mid 1970s, SPC was beginning to take business away from AT&T , which held a monopoly at the time. A number of lawsuits between SPC and AT&T took place throughout the 1970s; the majority were decided in favor of increased competition. Prior attempts at offering long-distance voice services had not been approved by

4717-413: The end of 2026. T-Mo wants to move the 300 Mbit/s requirement to the end of 2026 to “avoid anomalous results”. Lastly, T-Mobile wants to make to the CPUC's conditions is the requirement that within 3 years, the carrier add 1,000 new jobs in California compared to the number of T-Mobile and Sprint employees at the time of the CPUC's approval. Instead, T-Mobile wants the requirement to be that it will have

4806-448: The end of 2026; to have fixed home Internet access available to at least 2.3 million California households, of which at least 123,000 are rural households, within six years of closing; for no retail price increases for at least three years; to offer the low-income California LifeLine program for as long as it operates in California, and enroll at least 300,000 new LifeLine customers; to increase jobs in California by at least 1,000 compared to

4895-436: The government were skeptical that such an acquisition would be approved by regulators, citing antitrust concerns and an explicit goal by FCC chairman Tom Wheeler to maintain four national carriers in the United States. On April 30, 2014, Bloomberg reported that Sprint was in talks with its lenders to ensure that the company would be financially prepared for the bid, then valued at $ 24 billion and planned for "summer 2014". It

4984-402: The greatest effect in rural areas. The resulting excess capacity would be available for MVNOs in these areas as a third option that has not been available in the current marketplace.” On June 28, 2019, FCC Chairman Ajit Pai voiced his support for the merger. He discussed 5G and how the FCC is working to accelerate its deployment in the U.S. One of the pillars of T-Mobile and Sprint's merger

5073-703: The job. According to James Kirby, the leader that told these employees about their layoff, these Sprint workers are being laid off to make room for 200 new positions inside the merged T-Mobile. T-Mobile did originally claim the merger would create, not eliminate jobs. However, T-Mobile did state after this announcement that it's begun a hiring initiative to add 5,000 new jobs over the next year. These jobs will include departments like Retail, Care, T-Mobile for Business, Engineering, and network organizations, and these layoffs were to streamline employees where customers need them most. The employees were also encouraged to apply for these new positions. On June 18, 2020, T-Mobile extended

5162-423: The lawsuit seeking to block the merger. On February 11, 2020, SDNY Judge Victor Marrero officially announced his decision in the aforementioned state AG lawsuit siding with Sprint and T-Mobile, officially giving federal district court approval to the merger. He stated that "the merger is not likely to substantially lessen competition like the suing state AGs had claimed it would" and also that Sprint "does not have

5251-491: The merger agreement, some of these affiliates came forward with strong opposition to the Sprint-Nextel merger on the grounds that the merged company might violate existing agreements or significantly undercut earnings to these affiliates. In order for Sprint Nextel to allay some of this opposition, they initiated discussions of either acquiring some of these affiliates or renegotiating existing agreements. In several cases,

5340-521: The merger and DOJ settlement, finding no antitrust concerns and approving the merger. This was the final federal regulatory proceeding they needed completed before closing. On June 11, 2019, several news outlets reported that the proposed merger between Sprint and T-Mobile was facing a major legal challenge as ten attorneys general from nine states ( New York , California , Connecticut , Colorado , Maryland , Michigan , Mississippi , Virginia , and Wisconsin ) and Washington, D.C. , filed suit to block

5429-514: The merger from the FCC , California Public Utilities Commission , and state AGs (or loss of lawsuit); the Spectrum sale would be completed 3 years after the closure of the merger to allow time for Sprint legacy network customers to switch to the new T-Mobile network. On October 18, 2019, the merger received formal approval by the FCC in a 3–2 vote. On November 5, 2019, the FCC officially approved

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5518-573: The merger on specific conditions. These conditions include 5G being deployed to 97% of Americans within 3 years of the merger closing, and 90% of Americans having access to speeds of 100 Mbit/s or greater. The merger was not yet closed, as they still needed to win or bypass the lawsuit from the state AGs and get approval from the California PUC . John Legere (T-Mobile's CEO) expected the merger to be completed in early 2020. On April 1, 2020, Judge Timothy Kelly completed his Tunney Act review of

5607-410: The merger prior to its deal to buy Boost Mobile and Spectrum when the deal was closed. They voiced their opposition multiple times, stating that data from other countries that experienced four-to-three times reductions in the number of carriers to saying that the T-Mobile-Sprint merger could lead to an increase in prices, not a decrease like T-Mobile has claimed. On December 13, 2018, an opposition group

5696-608: The merger, alleging it would result in higher prices for consumers to the extent of $ 4.5 billion annually. It was then reported on June 13, 2019, that Judge Victor Marrero of the United States District Court for the Southern District of New York (SDNY) had set a pre-trial hearing for the week of June 17, 2019, for the merger. On June 21, 2019, it was reported that four more states — Hawaii , Massachusetts , Minnesota , and Nevada — had joined

5785-699: The merger, the first change being network related. They officially launched their 2.5 GHz 5G NR network using the spectrum they acquired from the merger in Philadelphia , shutting down the network to Sprint subscribers. They also stated that wherever Sprint's 2.5 GHz network is live: Atlanta , Chicago , Dallas–Fort Worth , Houston , Kansas City , Los Angeles , New York , Phoenix , and Washington, DC ; they intend to switch to T-Mobile brand (NY being next) and cut off Sprint's subscribers access to said network. T-Mobile did state that for now, legacy Sprint customers using first gen 5G devices can still access

5874-584: The network until it's switched over using their current 5G devices, and once the switch happens these devices will just switch over to only using 4G LTE. They did state these customers will have an "incentive deal" to switch over to a T-Mobile branded 5G device when these switches occur. Another customer change announced this day, also network related, was that T-Mobile is also enabling Sprint customers with compatible 4G LTE phones to roam on T-Mobile's LTE network when they leave an area with Sprint LTE coverage. This gives those Sprint customers access to more than double

5963-449: The new T-Mobile brand. On July 1, 2020, Dish Network officially purchased Boost Mobile per their agreement with the companies and the DOJ. The purchase was valued at $ 1.4B and transferred 9.3 million customers. On June 23, 2020, it was announced that T-Mobile sent a letter to the CPUC to ask to ease some of the conditions on their ruling to their approval of the merger, with the first being

6052-578: The newly formed company was forced to acquire affiliated companies in exchange for their dropping their opposition to the merger. Forsee said that the company would likely have to acquire all of its remaining affiliates. In 2005, Sprint Nextel acquired three of its ten wireless affiliates: US Unwired, acquired in August; Gulf Coast Wireless, acquired in October; and IWO Holdings, acquired in October. Alamosa PCS, which Sprint Nextel acquired on February 2, 2006,

6141-519: The original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share. Sprint shareholders other than SoftBank will continue to get the original fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share, or the equivalent of 9.75 Sprint shares for each T-Mobile share. Following

6230-514: The portion of Clearwire shares that Sprint Nextel did not already own. On June 20, 2013, Sprint Nextel increased its offer to $ 5 per share, the transaction was approved by regulators on July 5, 2013, and closed on July 9, 2013, and Sprint Nextel became the complete owner of Clearwire and its assets. On March 31, 2015, the U.S. bankruptcy court approved a $ 160 million takeover of electronics store chain RadioShack by Standard General . As part of

6319-781: The proceeding, which was filed in a separate filing. On April 29, 2019, completion of the merger was extended from April 29, 2019, to July 29, due to the U.S. Department of Justice Antitrust Division's chief saying that he had not decided whether to approve the merger or not. On July 26, 2019, the U.S. Department of Justice approved T-Mobile's $ 26 billion merger with Sprint after the two carriers reached an agreement to sell Boost Mobile, Virgin Mobile (both owned by Sprint), and Sprint's branded prepaid business for $ 1.4 billion to Dish Network . They would also sell to Dish $ 3.6 billion of 800 MHz spectrum, Sprint's entire 800 MHz portfolio. Both deals were contingent on final regulatory approval of

6408-518: The proposed set up. The CWA, a union that represents 700,000 workers, claimed that the merger would result in more than 28,000 jobs being lost, a number that it said it came to by performing an analysis based on location data for all of the retail locations involved in the proposed merger. They stated that the merger which raised competitive and national security concerns, would lead to loss of jobs, and that both companies would be liable to build out nationwide 5G on their own. Dish Network initially opposed

6497-448: The remaining shares of the wireless broadband carrier Clearwire Corporation that it did not already own. In August 2014, CEO Dan Hesse was replaced by Marcelo Claure . In May 2018, Michel Combes replaced Claure, and had been working to get Sprint's acquisition by its rival T-Mobile through regulatory proceedings. On April 1, 2020, Sprint Corporation completed their acquisition by T-Mobile US , which effectively made Sprint

6586-449: The requirement that T-Mobile provide 5G speeds of at least 300 Mbit/s to 93 percent of California's population by the end of 2024. T-Mobile says that that should be pushed back to 2026. T-Mobile stated that 2024 date was a proxy for a period ending 6 years after the merger closed, but the deal's regulatory process began in 2018 and didn't actually close until 2020, so T-Mobile wants it pushed back 2 years. Secondly, T-Mobile also says that

6675-517: The road clear for SoftBank to acquire the company. The United States Federal Communications Commission approved SoftBank's acquisition of a stake in Sprint. The FCC's acting chairwoman Mignon Clyburn and commissioner Ajit Pai both gave statements vociferously supporting the acquisition, saying the deal "serve[s] the public interest". The acquisition was completed on July 10, 2013. On August 6, 2013, SoftBank purchased approximately 2% more shares of Sprint Corporation, increasing its ownership stake in

6764-492: The same number of employees 3 years after the merger closure than it did when it closed. Sprint Corporation Sprint Corporation was an American telecommunications company . Before being acquired by T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The company also offered wireless voice, messaging, and broadband services through its various subsidiaries under

6853-401: The time of the merger announcement, Sprint and Nextel were the third and fifth leading providers in the U.S. mobile phone industry, respectively. Sprint shareholders approved the merger on July 13, 2005. The merger deal was approved by the U.S. Federal Communications Commission (FCC) and U.S. Department of Justice on August 3, 2005. Sprint Nextel was formed on August 13, 2005, when the deal

6942-415: The total number of current Sprint and T-Mobile employees; to establish the capability to serve all customers for at least 72 hours (i.e., have back-up power) after an emergency event or a utility Public Safety Power Shut-off; and finally other important commitments relating to diversity, reporting, and rural infrastructure deployment, among other topics. This is not a "formal" approval however, as that requires

7031-474: The two brands will integrate into one to consumers, and they will release further information as that happens. Leadership, ownership, and stock trading for the two companies has changed immediately, however. This included CEO John Legere stepping down immediately at close, one month prior to when he was slated to exit the role, making Mike Sievert President and CEO of the combined company. On April 21, 2020, T-Mobile officially started customer side changes after

7120-507: The unlikelihood that such a deal would be approved by the U.S. government and its regulators. On February 17, 2017, Reuters reported that Softbank was considering selling its majority stake in Sprint to Deutsche Telekom (an effective reversal of the original deal), citing struggling growth in the U.S. market, and a higher likelihood that the deal would be approved by the Trump administration . However, after months of speculation and rumors about

7209-1135: The way around the world with buried fiber optics in the United States and Europe, and undersea fiber in the Pacific, Atlantic, and Indian Oceans. SprintLink is responsible for cable maintenance and administration in the TAT-14 Consortium . In 2008, Sprint was upgrading its SprintLink core to 100 Gbit/s lines to offer increased bandwidth. As of June 2012, Sprint picked Ciena for upgrading its Sprintlink core to 400 Gbit/s speeds. In 2007, Sprint launched Ethernet services over its IP/MPLS network to an initial 40-markets. Sprint later expanded their Ethernet services to 65 markets in September 2011. Sprint then launched Ethernet over copper and Ethernet over DOCSIS in 2016 to complement its Fiber Ethernet offerings. Sprint offers its enterprise customers managed web-based services through its Sprint Web Services program. It allows enterprise customers to create managed web-based applications In 2015, Sprint powered

7298-422: Was also reported that due to his success within the company, then T-Mobile CEO John Legere was the top contender to be named CEO of a merged Sprint/T-Mobile and that Sprint had insisted on a low termination fee to prevent regulators from being given an incentive to block the deal, as had occurred with AT&T's failed attempt to purchase T-Mobile. On August 1, 2014, Xavier Niel 's Iliad SA publicly announced

7387-493: Was completed. Sprint and Nextel faced opposition to the merger, mostly from regional affiliates that provided wireless services on behalf of the companies. These regional affiliates felt that the new company would hinder competition. On September 1, 2005, Sprint Nextel combined plan offerings of its Sprint and Nextel brands to bring uniformity across the company's offerings. Nextel has licensed its identity to NII Holdings, Inc. , of which Sprint Nextel owned 18%. NII has used

7476-460: Was devalued because it was trading at the ratio of 1 share of PCS stock for 1/2 share of FON stock. The PCS shareholders claimed a loss of 1.3 billion to 3.4 billion dollars. On December 15, 2004, Sprint Corporation and Nextel Communications announced they would merge to form Sprint Nextel Corporation . The merger was transacted as a purchase of Nextel Communications by Sprint Corporation for tax reasons; Sprint purchased 50.1 percent of Nextel. At

7565-574: Was formed called "4Competition Coalition" which was used to voice a combined voice of opposition between many companies and organizations. In addition to the CWA and Dish Network, these included the AFL-CIO , Common Cause , C Spire , Fight for the Future , New America's Open Technology Institute , NTCA - The Rural Broadband Association , Open Markets Institute, Public Knowledge , Rural Wireless Association,

7654-534: Was later finalized in 1983. In 1986, GTE Sprint merged with the United Telecommunications Inc. property, US Telecom. The joint venture was to be co-owned by GTE and United Telecom named US Sprint Communications. The new entity also included communications firm GTE Telenet, and United Telecom Data communications Co., (formerly known as Uninet). In 1988, GTE sold more of Sprint to United Telecom, giving United Telecom operational control of

7743-741: Was not helping the merger effort, sent the wrong message to employees and contributed to the post-merger cultural clash. To resolve the problem, Hesse decided to consolidate all headquarters operations in the Sprint World Headquarters Campus located in Overland Park, Kansas , a suburb in the Kansas City metropolitan area . On October 14, 2012, the Japanese telecommunications company SoftBank announced it intended to purchase 70% of Sprint Nextel Corporation for $ 20.1 billion. SoftBank stated that Sprint will remain

7832-464: Was not sufficient in coverage, due to the inability to roam on a non-PCS spectrum. Top Nextel Executives began leaving the company immediately after the merger closed. Tim Donahue, the Nextel CEO, stayed on as executive chairman, but ceded decision-making authority to Gary D. Forsee . Tom Kelly, COO of Nextel, took an interim staff position as Chief Strategy Officer. Two years after the merger, only

7921-603: Was the largest of its affiliate carriers. Other acquired affiliates include Ubiquitel, iPCS, Enterprise, and Northern. In 2021, after merging with Sprint in 2020, T-Mobile acquired the remaining two of Sprint's original ten affiliates, Shentel and Swiftel. Below are companies which Sprint Corporation has acquired: After the Sprint-Nextel merger, the company maintained an executive headquarters in Reston, Virginia and operational headquarters in Overland Park, Kansas . Sprint CEO Dan Hesse recognized that having two headquarters

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