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T-Mobile, Sprint Merger Will Reportedly Be Cleared By US National Security Panel (cnbc.com)
According to CNBC, T-Mobile and Sprint are expecting their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider dropping Huawei. From the report: U.S. government officials have been pressuring T-Mobile's German majority owner, Deutsche Telekom, to stop using Huawei equipment, the sources said, over concerns that Huawei is effectively controlled by the Chinese state and its network equipment may contain "back doors" that could enable cyber espionage, something which Huawei denies. That pressure is part of the national security review of T-Mobile's $26 billion deal to buy U.S. rival Sprint, the sources said.
The Committee on Foreign Investment in the United States (CFIUS) has been conducting a national security review of the Sprint deal, which was announced in April. Negotiations between the two companies and the U.S. government have not been finalized and any deal could still fall through, the sources cautioned. Sprint's parent, SoftBank Group, plans to replace 4G network equipment from Huawei with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
The Committee on Foreign Investment in the United States (CFIUS) has been conducting a national security review of the Sprint deal, which was announced in April. Negotiations between the two companies and the U.S. government have not been finalized and any deal could still fall through, the sources cautioned. Sprint's parent, SoftBank Group, plans to replace 4G network equipment from Huawei with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
Fewer competitors in the market is bad. It invites cartels and prevents new entrants, which means prices go up, quality goes down, and nobody can do anything about it.
So you would PREFER a duopoly? Because I hate to break the news to ya buttercup but neither T-Mobile nor Sprint has the money to deal with a 5g rollout on their own and frankly in large sections of the country their service is just terrible.I actually had to laugh when a T-Mobile store opened where the old Radio Shack was formerly located in my home town as I said "Welp the one company that will have less foot traffic than Radio Shack took the spot" and sure enough I drive past there every day and there is NOBODY there, the poor gal in there might as well set up a cot and just nap her shift away!
AT&T and Verizon have such a huge head start on T-Mobile and Sprint the only hope in hell they have is to throw together and hope out of two shitty companies they can make one halfway decent but honestly? Not holding my breath, personally I think AT&T and Verizon have just too big a lead, its gonna work about as well as AOHell/Time Warner.
ACs don't waste your time replying, your posts are never seen by me.
Fewer competitors in the market is bad.
Not in this case. There are two big companies: AT&T and Verizon, and two midgets: T-Mobile and Sprint.
Without the merger, Sprint will likely fold soon, and T-Moble will continue to limp on as a weak competitor to the AT&T - Verizon quasi-duopoly.
With the merger, the combined company will be a stronger competitor, and we can have a triopoly instead. This is a good thing, and should be approved.
lol competitor lol
enjoy the dry oligopolistic ass rape
Neither T-Mobile nor Sprint can really keep up with Verizon or AT&T.
I myself am a T-Mobile customer currently. and I am LOOKING FORWARD to this merger. How many times can you say that about any merger of a company you like with any other? And yet I am, because I know my service coverage will improve, 5g rollout will improve, basically everything about T-Mobile should be getting better.
Sometimes things just make sense - and this is one of those times.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Wow...stupid anons have NEVER actually dealt with customers, have you? Have you ever seen the little animated short where a phone store worker tries to get some stupid iMoron to take a Samsung over the sold out iPhone? Her answer was always "Is it an iPhone? Then I don't want it". And when asked what about the iPhone made it so special? "It has the Geebees and the Wifis"
Its not gonna make a diddly damn in hell if the user NEVAR EVAR uses any kind of data that would REQUIRE a 5g connection, all that matters is "They have the Five Gees and this is the four Gees, therefor its crap" and that will be that. Hell laptop, TV and smartphone manufacturers have been playing that game for ages, come up with some magical thing, be it retina or 4k or some new Wifi that most users will have NO clue about and many will never use or notice and make that the "must have" and the customers will line up to throw away their old toy for the new toy every.single.time.
If you think they can survive on 4G when the other guy is bombarding users with commercials about their 5G network? You have obviously never worked retail and don't have a fucking clue how customers behave!
ACs don't waste your time replying, your posts are never seen by me.
This is a good thing, and should be approved.
By the government, maybe - T-Mobile should approve it only so long as Masayoshi Son has nothing to do with the customer facing policies of the combined company.
I like T-mobile, I hate Sprint and I don't give a shit about 5G. Like, seriously am fine with 4G. It's not worth Sprint eating T-Mobile (since their management will wind up on top.)
Your ad here. Ask me how!
I know the FCC put substantial conditions on the merger and hasn't yet approved the latest plan, revised to meet their conditions. The FCC should rule soon, unless they ask for more changes.
I haven't heard anything from the FTC for a few months, though. Anyone heard anything on that front?
DOJ seemed to be open to the idea, if it passes muster with FCC and FTC, but I haven't heard any news there either.
Just because they are in the same sector doesn't mean they are directly competing against each other, just like there is few people trying to decide between Toyota and BMW. People that care for network coverage, speed and reliability look at Verizon and ATT and people that are looking for value look at T-mobile or Sprint. A Merged T-mobile/Sprint might decide to go up against the other 2 or it just might decide that its perfectly comfortable sitting alone in the lower-tier market
I'll bet you were on board with the "640K is enough memory" bullshit too.
He never said it.
Beware of the Leopard.
I'll concede that.
I have, however, heard all sorts of variations of the "xxx is more than enough" in the computer industry. It's always b.s. Any time some asshole says "insert-something is enough", I write them off as a moron.