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Mobile Sprint Merger: No Price Hike for 3 Years, CEO Says

Mobile Sprint Merger: No Price Hike for 3 Years, CEO Says

T-Mobile says 2018 was a record financial year, setting the stage for some lofty goals in 2019, chief among them completing a blockbuster merger with Sprint and getting ready to build out a nationwide 5G network.

Excluding changes in the tax code, T-Mobile says its profits for both the quarter and the year were actually up 21 and 22 percent respectively.

The nation's third-largest wireless carrier added a total of 2.4 million new subscribers in the fourth quarter. On Wednesday, Senator Elizabeth Warren of MA and Representative Pramila Jayapal of Washington issued letters demanding information about the T-Mobile executives' stays and whether Trump was informed of them. At $640 million - or $0.75 per share - T-Mobile profits still came in ahead of analyst expectations.

Due to subcommittee scheduling issues, T-Mobile's John Legere and Sprint's Marcelo Claure will appear before the House Communications Subcommittee next Wednesday, Feb. 13 at 10 a.m., and then appear the next day at the same time before the House Judiciary Antitrust Subcommittee. "I am very pleased with the progress we've made in our merger and the process so far, and I continue to expect regulatory approval in the first half of the year", Legere said. For Sprint and T-Mobile to merge into "New T-Mobile", a lot of hearts need to be won over.




"The combined company will create an aggressive competitor in wireless, broadband and beyond, which will result in lower prices for consumers and will create jobs starting on day one".

The letter also implies that following the merger, consumers will get more bang for their buck.

Considering this letter was posted yesterday, February 4, 2019, that would mean entry-level prices would not exceed the base-level $70 unlimited plan T-Mobile now offers, which includes all taxes and fees in the price.

“I want to reiterate, ” reads the letter, “.T-Mobiles rates are NOT going to go up. "The core tenet of the New T-Mobile is that by bringing these companies together you get something very different from the T-Mobile you know today plus the Sprint you know today", he said. "Our costs at New T-Mobile is going to go down dramatically when it comes to what it costs to produce a gigabyte of data".

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