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T-Mobile And Sprint To Merge Companies

By May 15, 2018June 8th, 2022Technology News

The on-again, off-again talks about a merger between T-Mobile and Sprint is definitely back on, with T-Mobile planning to buy Sprint for a staggering $26 billion.

The deal has been in the works since before Trump was elected President. It died quietly when it became clear that the Obama administration would not allow the deal to go forward, due to concerns that it would leave the US with only three telecom providers, which could harm consumers.

The Trump administration has made it clear that they applaud the move.  However, Trump’s Justice Department may be a significant hurdle to clear.  Nonetheless, as things stand now, the deal is steaming ahead and the combined company would have a whopping 127+ million customers, putting it not far behind AT&T’s 141.6 million and Verizon Wireless’ 150.5 million customers. T-Mobile’s CEO John Legere would lead the new, larger company.

John had this to say about the planned merger:

“This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and second-to-none network experience – and do it all so much faster than either company could on its own.”

The underlying argument in favor of the merger is that the US is falling behind in terms of network speed. If there is to be any hope of arriving first at a nationwide 5G network, we need bigger, stronger and more robust competitors.

As history shows us clearly though, the regulators of the previous administration have valid concerns about the monopolization of the industry.  Any time there are fewer competitors on the board, regardless of the industry, consumers invariably get hit with higher prices. There’s no reason to believe this merger will lead to a different outcome.

Regardless, it now appears that the merger is likely to happen.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.