Here’s the latest information on the T-Mobile-Sprint merger agreement, which was announced over the weekend.
On Sunday, April 29, No. 3 T-Mobile US and No. 4 Sprint announced plans to merge. If approved by regulators, the new company, which will simply be called “T-Mobile,” would become the No. 2 carrier in the U.S. behind No. 1 Verizon.
The new headquarters will be based in Bellevue, Washington, with a second headquarters in Overland Park. Kansas. John Legere, the current president and CEO of T-Mobile US will serve as Chief Executive Officer, and Mike Sievert, current COO of T-Mobile, will serve as president and COO of the combined company. The remaining members of the new management team will be selected from both companies.
In making the merger announcement, T-Mobile US and Sprint explained the new company would be a “force for positive change” and a leader in the upcoming 5G era.
Renewed merger talks between T-Mobile US and Sprint began earlier this month after two previous attempts. The second round of talks ended last fall.