T-Mobile and Sprint Merger Finalized, Legere Steps Down as CEO
Well, T-Mobile officially owns Sprint in a merger that was completed today. Despite a few obstacles from the Department of Justice, lawsuits over Dish ownership, and some disgruntled customers, the merger has actually come to fruition a month ahead of schedule. And with the transition into one company finalized, John Legere has passed down the CEO title to now former T-Mobile President and COO, Mike Sievert. Also a month in advance.
Legere will continue to serve on T-Mobile’s board of directors through June, around the same time Sievert plans to begin unifying Sprint under the T-Mobile brand. So we shouldn’t expect to see any campaigns on the merger for a few months.
We can finally share that The #NewTMobile is officially here and is getting ready to SUPERCHARGE everything you love about the #uncarrier – more competition, more network capacity and speed, more value, more innovation and more of a force for GOOD! 💖https://t.co/RdRWOG59ER
— John Legere (@JohnLegere) April 1, 2020
In an email sent to The Verge, a Sprint spokesperson said, “There is so much to come – today is just the beginning. We’re excited to get to work following through on the first of several commitments we promised would be a part of this merger.”
One of those commitments, obviously, is 5G. T-Mobile is ambitious to get its 5G network across 99 percent of the US population within the next six years. Other stated goals include an in-home wireless internet service delivering 100 Mbps speeds to 90 percent of the population within six years and offering free internet service to 10 million homes in the next five. But as the country continues to face a growing pandemic, it’s not outlandish to assume some of these efforts might face delays. Sievert admitted to CNBC that they may face some “hiccups” with local municipalities, but overall T-Mobile’s plans are very much in place.
“We’ve been classified as essential services, so we’re allowed to continue operating,” he said. “We’ve determined from a network standpoint we can do that safely. Individual crews of one person, sometimes it’s three, four, five people that arrive in separate cars and work at a safe difference from each other. Other than some issues around permitting, we don’t see a slowdown in our ability to bring this network to scale.”