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A combined T-Mobile and Sprint would cut down on consumer choice in the wireless space and could hurt competition.
T-Mobile and Sprint are still determined to secure a merger , and they've just made a fresh round of promises to win regulators' hearts. The carriers have made new commitments to the FCC that would guarantee wider access to high-speed mobile internet and home broadband, not to mention address concerns about a lack of competition. They've vowed to deploy 5G service that covers 97 percent of the US population within three years of an approved merger, and 99 percent in six years. About 90 percent of Americans would have mobile internet at speeds of "at least" 100Mbps, while 99 percent would have speeds of 50Mbps or more.
The Federal Communications Commission’s chief plans to recommend approval of the merger between Sprint and T-Mobile, and the companies have agreed to “take a series of significant steps” if their application to combine is approved.
Sprint’s bonds rallied Monday after the chairman of the FCC said he would recommend that regulators approve a tie-up between Sprint and T-Mobile.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
It is effectively a recession in the U.S. automotive sector, and Ford is the latest company to respond, with plans to reduce its salaried staff by 7,000 people, or about 10%.
The companies agreed to deploy a 5G network covering 97% of the population, reaching deep into rural areas, within 3 years.
AT&T or T-Mobile: Which Is the Best Pick in May?(Continued from Prior Part)AT&T’s earnings trendIn the first quarter, AT&T (T) posted an adjusted EPS of $0.86—compared to $0.85 in the first quarter of 2018, which reflects 1.2% YoY
T-Mobile announced on Monday that it will divest Sprint’s Boost Mobile pay-as-you-go business as part of a series of commitments it’s making to the FCC. The company also promised to offer 5G wireless network coverage to 97% of the U.S. population – and 85% of rural America – three years after the transaction closes, and that it won’t raise plan prices at least until then.
Approval from the Justice Department antitrust division “seems likely” since it never has diverged from the FCC on a merger, said Paul Gallant, a Washington-based analyst for Cowen & Co. It’s now “almost assured” the deal will win FCC approval, Gallant said in a note. The deal announced last year to combine the third- and fourth-largest U.S. wireless service providers needs approval from both authorities to succeed.
Many investors assumed that federal antitrust regulators wouldn’t let the wireless market shrink to three major players from four. But the latest news from the FCC indicates otherwise.
AT&T or T-Mobile: Which Is the Best Pick in May?(Continued from Prior Part)AT&T’s revenue trendAT&T’s (T) net revenues in the first quarter were $44.8 billion—compared to $38.0 billion in the first quarter of 2018, which reflects
T-Mobile (TMUS) and Sprint (S) plan to announce commitments to the federal government, including asset sales and rural-service guarantees, to secure regulatory approval for their $26.5 billion merger.
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
AT&T or T-Mobile: Which Is the Best Pick in May?Stock price movementsAT&T (T) closed at $31.62 on May 16, which was 1.2% higher than its previous closing price, 18.0% higher than its 52-week low of $26.80, and 8.4% below its 52-week high of