T-Mobile completes merger with Sprint, CEO John Legere steps down

Shawn Knight

Posts: 12,206   +120
Staff member

T-Mobile on Wednesday officially completed its merger with Sprint to create the New T-Mobile, a third mega carrier that is better positioned to compete with heavyweights Verizon and AT&T for customers in the US.

The combined company will operate under the name T-Mobile and continue to trade on the NASDAQ under the symbol TMUS.

T-Mobile said Legere would continue as a member of the board through the remainder of his current term which expires in June.

The executive hasn’t announced what his next step will be although at just 61 years of age and with a wealth of experience and wisdom in hand, he’s sure to be a hot commodity on the open market should he want to further his resume.

While T-Mobile is likely sad to see Legere exit, the company is no doubt thrilled that its merger with Sprint is finally complete. Getting to this point was no easy task as several hurdles had to be overcome and many concessions granted but alas, it has finally happened.

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p51d007

Posts: 2,374   +1,631
The breakup of "Ma-Bell" in the 80's, lead to a lot of new and innovative things, but, over the past 40 years, the "phone company" has almost put herself back together. Now, we have pretty much THREE phone companies. At&t, Verizon, and T-mobile/Sprint. One of these days, the new T-mobile/Sprint will probably be bought out by the other two, and one day at&t will be "ma bell" again. :(
 
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texasrattler

Posts: 851   +351
Isnt At&t from ma bell or some spin off of it? As far as I knew ma bell didnt go anywhere they just went by At&t. The 90s and early 2000s AT&T dominated the phone market but that has changed. While still a big phone company, Verzion dominates but prices arent cheap from them.
 

Jeff Schmidt

Posts: 108   +88
The breakup of "Ma-Bell" in the 80's, lead to a lot of new and innovative things, but, over the past 40 years, the "phone company" has almost put herself back together. Now, we have pretty much THREE phone companies. At&t, Verizon, and T-mobile/Sprint. One of these days, the new T-mobile/Sprint will probably be bought out by the other two, and one day at&t will be "ma bell" again. :(
Won't happen. Dish has a ton of spectrum and when they create there own network we will have 4 carriers again
 

mctommy

Posts: 337   +76
Won't happen. Dish has a ton of spectrum and when they create there own network we will have 4 carriers again
Ton of spectrum but no infrastructure, making them a glorified MVNO. I do agree that there won't be mergers at the top 3 (or 4) level.

At the end of the day, the new T-Mobile is still the underdog and the only pure wireless company out there... Verizon and AT&T are telcos with various other businesses to boost their revenue and portfolio.
 

p51d007

Posts: 2,374   +1,631
Isnt At&t from ma bell or some spin off of it? As far as I knew ma bell didnt go anywhere they just went by At&t. The 90s and early 2000s AT&T dominated the phone market but that has changed. While still a big phone company, Verzion dominates but prices arent cheap from them.

At&t kept the "long distance" part of the business. The "baby Bells" were spun off as separate companies, nine total. When cell phones came around Southwestern Bell started "Cingular". Eventually at&t bought it, changed the name to at&t, but kept a lot of the orange of the cingular in their stores. AT&T gobbled up bell south, ameritech, pacific telesis, among others. Verison gobbled up gte, bell atlantic, us west, among others.