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FCC to recommend merger of T-Mobile US and Sprint after 'significant' concessions
2019-05-20 15:24:00| Telecompaper Headlines
(Telecompaper) FCC chairman Ajit Pai said he will be recommending that the merger of T-Mobile US and Sprint go through, after the companies provided "significant" concessions. Pai believes the deal will speed up the deployment of 5G throughout the US, and bring faster mobile broadband to people living in rural areas. "Two of the FCC's top priorities are closing the digital divide in rural America and advancing US leadership in 5G (). The commitments made today by T-Mobile and Sprint would substantially advance each of these critical objectives," the chairman said.
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Sprint and T-Mobile merger takes a huge step towards completion, as FCC chairman backs the deal
2019-05-20 02:00:00| Total Telecom industry news
The chairman of the Federal Communications Commission (FCC), Ajit Pai, has backed the proposed $26 billion merger of T-Mobile and Sprint in the US. The FCC's five-member voting committee is yet to officially rule on the merger, but chairman Pai's endorsement bodes extremely well for America's third and fourth biggest telcos. “In light of the significant commitments made by T-Mobile and Sprint as well as the facts in the record to date…read more on TotalTele.com »
T-Mobile and Sprint plot last ditch asset sale to save $26bn merger
2019-05-17 02:00:00| Total Telecom industry news
US carriers T-Mobile and Sprint are considering selling off their respective prepaid business units in a last-ditch attempt to gain regulatory approval for their proposed $26.5 billion merger. T-Mobile and Sprint are currently the third and fourth largest telcos in the US, but their proposed merger would create a new entity capable of challenging the US’ big two players of AT&…read more on TotalTele.com »
Sprint says more challenges ahead after quarterly loss, service revenues down 3.6%
2019-05-08 09:05:00| Telecompaper Headlines
(Telecompaper) Sprint reported a net loss of USD 2.17 billion for its fiscal fourth quarter to March, hurt by an impairment charge of USD 2 billion to write down assets. That compares to a small profit of USD 69 million in the year-earlier period. Revenues rose 4.4 percent to USD 8.44 billion, led by higher equipment sales, and adjusted EBITDA was up 13.3 percent to USD 3.14 billion, thanks to cost reductions and a positive effect from the new lease accounting standards.
Sprint to show off 5G mobile services at Google I/O
2019-05-07 16:23:00| Telecompaper Headlines
(Telecompaper) US operator Sprint announced that it will be showing 5G services at the Google I/O developers conference. I/O attendees will be among the first to experience Sprint 5G with applications running on the LG V50 ThinQ 5G, Sprint's first 5G smartphone.
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