Mobile pledges three-year price clampdown if merger is approved

Mobile pledges three-year price clampdown if merger is approved

Mobile pledges three-year price clampdown if merger is approved

Now, more than any time previously, it looks like the T-Mobile Sprint merger could actually happen. At $640 million - or $0.75 per share - T-Mobile profits still came in ahead of analyst expectations.

T-Mobile says that the new customer care employees will be eligible to receive benefits and opportunities such as significant management preparation experience, career development paths and college tuition reimbursement. And top T-Mobile execs, including chief executive John Legere, have spent significant time staying at the Trump hotel in Washington, though Legere has said he hopes regulators will "make their decision based on the benefits it will bring to the USA, not based on hotel choices". For the full year, T-Mobile's net profits declined 36 percent to $2.9 billion - or $3.36 per share. "I am very pleased with the progress we've made in our merger and the process so far, and I continue to expect regulatory approval in the first half of the year", Legere said. He says that these critics erroneously cling to the assumption that the T-Mobile-Sprint merger will cause consumers to pay more for wireless service and/or get fewer features with their plans.

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Customers of T-Mobile (TMUS) and Sprint (S) may catch a break if the Federal Communications Commission approves the deal to allow the two wireless carriers to merge. To this, T-Mobile rebuts that if it did jack its prices up, its customers would lose faith in the company, loyal customers would leave, and it would destroy the future of the carrier. "I want to reiterate unequivocally that prices will go down and customers will get more for less". Together, the two companies could "to react, invest and compete harder and that will be good for consumers and innovation", he said. T-Mobile is targeting $12.7 billion to $13.2 billion in adjusted Ebitda in 2019, also slightly behind Wall Street's previous $13.4 billion estimate.

The proposed T-Mobile-Sprint merger has already received approval from the Treasury Department and is awaiting approval from the Department of Justice and the FCC. "The New T-Mobile will be uniquely positioned to give you both".

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