The two major mobile network carriers in US have received an approval of merging from its majority of stake holders. T-Mobile, Deutsche Telekom has stepped a head to make agreement with the Sprint.
The company T-Mobile announced that 63.5% its stocks of shared ownership agreement with sprint is under scrutiny. Previously, the review on the partnership postponed by FCC to perceive more confirmations between the carriers.
But, already the deadline of review passed to 55 days. Probably, the process goes up to 180 days, the conclusion won’t be declared till 2019.
John Legere shared a statement:
“This is another step forward in creating the New T-Mobile, so we can deliver on our promise to bring robust competition to the 5G era, giving consumers more for less and creating jobs,” said John Legere, Chief Executive Officer of T-Mobile.
“For more than five years, T-Mobile’s Un-carrier strategy has disrupted the wireless industry, and together with Sprint we will continue our mission by securing U.S. leadership in nationwide 5G, creating a real alternative to fixed broadband and bringing a consumer-first mentality to entrenched giants. We can’t wait to continue improving the wireless industry for all consumers as the New T-Mobile.”
The CWA union assumes to lose 28,000 jobs with merger according to the present structure. It shared a website to express their concerns.