With a number of T-Mobile and Sprint stores in Harlem were interested to hear the okay from the federal judge has given them a long-awaited blessing that will allow the merger of the two telecoms.
U.S. District Court Judge Victor Marrero’s approval could significantly change the game and create a new valuation of $26 billion for the newlyweds.
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The companies had to leap over innumerable hurdles trying to get to the altar. There was consumer and labor opposition, the Federal Communications Commission (FCC), and a pack of U.S. Senators all raising concerns. The approved merger has folks at T-Mobile both crowing and licking their chops.
“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done,” said John Legere, Chief Executive Officer of T-Mobile.
“We want to thank the Court for its thorough review of the facts we presented in our case. We’ve said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition.
The broad and deep 5G network that only our combined companies will be able to bring to life is going to change wireless … and beyond. Look out Dumb and Dumber and Big Cable – we are coming for you … and you haven’t seen anything yet!”
In Judge Marrero’s decision, he said that T-Mobile “has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes.
The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”
The consumer world can only hope the judge is right and that the benefits T-Mobile has planned come true.
Read the entire article at Consumer Affairs.