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Author Topic: T-Mobile reach "rough agreement" on merger with Sprint  (Read 7570 times)

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T-Mobile reach "rough agreement" on merger with Sprint
« on: July 05, 2019, 04:47:37 AM »

Approval from the Department of Justice (DOJ) is one of three remaining roadblocks preventing T-Mobile and Sprint from closing on their $26.5 billion merger that was first announced on April 29th, 2018. According to a report from CNBC, the DOJ  has reached a "rough agreement" with T-Mobile; the regulatory agency will allow the merger to go through as long as T-Mobile and Sprint agree to help make Boost Mobile the fourth major U.S. carrier replacing Sprint. To win FCC approval for the transaction, T-Mobile already agreed to divest itself of the pre-paid wireless provider, freeze prices for three years following the close of the deal, and build out its 5G network to cover 97% of the U.S. over the same time period.

Because the DOJ is concerned with competition, it has focused on the 25% drop from four major U.S. carriers to three that would happen if the merger closes. That, the agency fears, would allow prices to rise throughout the industry. The theory is that by selling Boost Mobile and some spectrum to Dish Network for a rumored $6 billion, Boost would be able to keep Verizon, AT&T, and the New T-Mobile in check as far as pricing is concerned.

But the DOJ wants T-Mobile parent Deutsche Telekom to sweeten the pot to help convince Dish Chairman Charles Ergen to pull the trigger on the deal. The Justice Department wants T-Mobile to give Dish unlimited access to the carrier's network for an MVNO agreement. A mobile virtual network operator (MVNO) is one who offers cellular service to the public without owning the network being used. T-Mobile wants Dish's access limited to 12.5% of the carrier's network. As part of the agreement, Dish will have an MVNO agreement with the combined T-Mobile-Sprint for six or seven years before it will be forced to move to its own 5G network. This will cost Dish billions of dollars to build and the satellite content provider says that it would like to find a partner to share the costs. Dish does happen to be sitting on spectrum of its own that it will lose unless it is in use by next March.



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