T-Mobile and Sprint officially confirmed today that they will be joining forces to become a single carrier, according to a press release from the new combined company. If the deal passes regulatory approval, this means that there will be three major carriers in the United States, compared to the current four.
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AT&T and DirecTV’s $48.5 billion merger has been approved today following more than a year of regulatory review. The merger will see AT&T become the biggest pay-TV company, passing up cable company Comcast. AT&T says it will serve more than 26 million U.S. customers and 19 million users in Latin America.
CrowdOptic is one of the most well-established of the 10 current Glass for Work parters, and now the company is in acquisition talks. According to people familiar with the matter, the company has been in advanced discussions with a Fortune 500 firm that intends to build software applications for the upcoming iteration of enterprise-focused Google Glass hardware…
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Sprint’s plans to buy out the U.S. arm of T-Mobile from Deutsche Telekom came to an end today, the Wall Street Journal reported. According to the Journal, Sprint’s leadership was concerned that it would be too difficult to get United States regulators to agree to the merger.
The announcement is not yet official, but is said to be planned for Wednesday. If the merger had succeeded, the two companies would have united under the Sprint banner, possibly abandoning all of the “un-carrier” moves made by T-Mobile in recent years, including free one-week iPhone test drives on the network and unlimited music streaming on a variety of services.
After several months of rumors, Sprint is reportedly finally nearing a deal to acquire T-Mobile USA. The two have reportedly been in negotiations for awhile now, but they have apparently finally reached an agreeable number. The deal, as it stands now, would have Sprint acquiring the Uncarrier for $31.3 billion. T-Mobile currently has about $15 billion in debt and $5 billion in cash. Sprint is valuing the company at roughly $40 a share.
All Things D reports that T-Mobile is finally taking advantage of this year’s MetroPCS merger. The fourth-largest mobile carrier in the U.S. plans to use the new spectrum to offer even faster speeds on its LTE network nationwide. Some markets are already seeing an increase in speed, and more will see faster service next year. The company says it hopes to cover up to 90% of its current subscriber base with improved service.
In direct contrast to this data network improvement, T-Mobile is also planning to launch new pre-paid plans with no data allowance included, according to TMo News. The carrier confirmed that the new plans will come with unlimited talk and text, but will not include any data. These new pre-paid plans will be available on December 8th, the same day AT&T is launching its new selection of plans.
The Federal Communications Commission has officially approved the $1.5 billiondeal to merge T-Mobile USA with MetroPCS. FCC Chairman Julius Genachowski issued a statement on the approval of the transaction, saying the deal will “benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years.”
“With today’s approval, America’s mobile market continues to strengthen, moving toward robust competition and revitalized competitors. We are seeing billions more in network investment, while the courts have upheld key FCC decisions to accelerate broadband build-out, promote competition, and benefit consumers, including our broadband data roaming and pole attachment rules. Today’s action will benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years.
“Mobile broadband is a key engine of economic growth, with U.S. annual wireless capital investment up 40% over the last four years, the largest increase in the world, and few sectors having more potential to create jobs. In this fast-moving space, of course challenges remain, including the need to unleash even more spectrum for mobile broadband and continuing to promote competition and protect consumers. The Commission will stay focused on these vital goals.”