Will prices go up? What it means for consumers

Will prices go up? What it means for consumers

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Sprint and T-Mobile have moved yet another step closer to a merger, and it could lead to consumers paying more for wireless plans.

A federal judge in New York on Tuesday approved the $26.5-billion merger of the third- and fourth-largest wireless carriers, creating a much larger rival to AT&T and Verizon.

“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done,” said T-Mobile CEO John Legere in a statement.

Both companies say joining forces will benefit consumers by expanding access to next-generation 5G cellular networks and offer better service nationwide. The merger will also create new jobs, the companies said, adding more than 3,500 additional full-time U.S. employees in the first year and 11,000 more people by 2024.

U.S. District Court Judge Victor Marrero agreed, noting in his decision: “T-Mobile has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes. The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”



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