Mobile hires former FCC commissioner Clyburn to help lobby for Sprint merger

Mobile hires former FCC commissioner Clyburn to help lobby for Sprint merger

T-Mobile tried to stoke optimism for its proposed merger with Sprint during its earnings call Thursday. This foundation is Sprint's effort to help one million high school students to get connected by giving them mobile devices like smartphones, mobile hotspots, and tablets along with free Sprint mobile service for up to four years in high school.

T-Mobile said it is committed to bringing 5,600 new jobs to the industry by 2021 as well as building five new customer experience centers and expanding two current facilities.

T-Mobile US has hired the former FCC commissioner Mignon Clyburn as an adviser in its ongoing attempt to secure regulatory approval for its planned merger with Sprint. The company also thinks that all wireless consumers would be better off after the merger as AT&T and Verizon would most likely reduce prices also to remain competitive.

A broad claim like that sounds good on paper, but Legere went a step further near the end of his letter, promising the FCC that, for the next three years, New T-Mobile's rates will be "the same or better" as what either T-Mobile or Sprint now offer. Sprint trailed with 54 million. T-Mobile and Sprint executives continue to lobby regulators, and the companies pledged not to increase rates for customers for the first three years post-merger in a letter to FCC Chairman Ajit Pai Monday.

But from another perspective, Clyburn's involvement with T-Mobile serves to inoculate the company from critics who argue the deal will be largely bad for consumers because it will mean the elimination of a competitor from the USA wireless market. T-Mobile is targeting $12.7 billion to $13.2 billion in adjusted Ebitda in 2019, also slightly behind Wall Street's previous $13.4 billion estimate.

Ariana Grande reportedly pulls out of Grammys ceremony over performance disagreement
The 61st Annual Grammy Awards are broadcasting live from Staples Center in Los Angeles on Sunday, Feb. 10 at 8:00 p.m. Grande is very open about sharing her life on social media, and that includes her relationships.

LA Clippers trade Tobias Harris to loaded Sixers
In fact, it's not hard to argue that they won this trade, thanks to the savvy of Jerry West and the rest of LA's front office. With Harris set become a free agent at season's end, the Clippers faced the prospect of getting nothing in return for him.

Nostalgia: Remembering Chinese new Year celebrations in Ipswich from 1986
Companies, shops and government offices closed for official holidays that ranged from two days in South Korea to a week in China . Asia has welcomed the Lunar Year of the Pig with visits to temples, family banquets and the world's biggest travel spree.

Opponents argued that the conditions made the pricing promise worthless, however.

As previously noted, T-Mobile's branded postpaid phone churn came in at 0.99% during the quarter.

Moving forward. T-Mobile shares rose 1.6% in premarket trading.

That means he's publicly guaranteeing that there will be no price hikes for the next three years.

Related Articles