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Sprint and T-Mobile have announced a merge!
The new deal will help the companies cut costs and could make them a stronger competitor against larger companies, AT&T and Verizon. The merge could be complete by July 2019 after the companies are given the OK by the FCC and Justice Department.
The companies say that they merge will create lower prices for customers. “Services are going to be broadened, prices are going to go down, speeds are going to go up. The 5G capability is going to be beyond anything the United States as seen before,” T-Mobile CEO John Legere told CNBC in an interview Monday morning.
Many are worried that if there are less cellphone services, the remaining companies can really just set the prices as high as they want if there is no direct competition, but it seems Sprint and T-Mobile may have a plan to avoid this.
As far as a name change, if it were to happen, Sprint’s brand name would be lost due to it being the company being absorbed by T-Moblie. Once again, these changes are not 100% yet, plus they won’t be happening until 2019.
Written by Clarke Jones