Sunday, 17 February, 2019

Mobile promises the Sprint merger won't drive up prices… for now

An image of John Legere and other T Mobile employees at the Senate Judiciary Subcommittee meeting Fortune
Kayla Schwartz | 07 February, 2019, 10:35

The company also thinks that all wireless consumers would be better off after the merger as AT&T and Verizon would most likely reduce prices also to remain competitive. "With its business-friendly environment, diverse workforce and strong sense of community, the Greater Rochester area is a ideal location to build another New T-Mobile Customer Experience Center".

In its more detailed proposal, T-Mobile (tmus) said it might raise prices under some circumstances it termed "not within the control" of the merged company.

The FCC, Department of Justice, and other state utility regulators must approve the merger that would combine T-Mobile and Sprint. Such situations included potentially raising prices to pass through increased costs from taxes, fees and surcharges, or costs for services from third parties.

Leeds parents urged to limit time children spend on social media
The Duchess has made mental health in the young one of the cornerstones of her public work. The second school Kate visited was the Alperton Community School in Brent.

Now that the government has officially reopened and the review process for T-Mobile's proposed merger with Sprint has presumably picked back up, CEO John Legere chose to take this opportunity to reach out to Chairman Ajit Pai and the FCC to plead his case for the merger to go through "expeditiously". He promises that the "New T-Mobile" won't have higher prices than today for at least three years. The group says that the pledge is full of loopholes and contains a provision for higher monthly bills in the future on the pretext network improvements. "Their response-inviting government agencies to regulate their behavior-seeks to impose precisely the kind of behavioral conditions that regulators have found insufficient in merger reviews". 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.

Shares of T-Mobile, which have risen 9% over the past year, gained 1% in after hours trading.

That means he's publicly guaranteeing that there will be no price hikes for the next three years.

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