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Technology Stocks : 5G Wireless and the Internet of Things (IoT)

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From: Don Green11/8/2019 11:04:59 AM
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T-Mobile Teases $15 2GB Plan, 5G Rollout on Dec. 6
T-Mobile is offering a haul of discounts and new plans to try to finally get its Sprint merger past intransigent state governments. That includes the launch of its 600MHz low-band 5G network.

  • By Sascha Segan
  • November 7, 2019
    T-Mobile CEO John Legere should have been wearing a Santa suit during his most recent "UnCarrier" announcement, as he promised a huge sack of presents for American wireless consumers if the states get out of the way of his merger with Sprint.

    The "new T-Mobile" will create new $15 2GB and $25 5GB service plans, offer 100GB of free annual home internet to 10 million American families, give free wireless service to every first responder in America, and expand its network capacity by 14x if the merger goes through, Legere said.

    "We want everyone to see what this supercharged UnCarrier can do with this supercharged UnCarrier network," he said.

    T-Mobile's merger with Sprint has been approved by the US Department of Justice and the FCC, but it currently faces 16 lawsuits from states concerned that it will reduce competition as it shrinks the number of nationwide wireless carriers from four to three.

    The merger saga has been going on for so long that the two companies "business combination agreement" has expired, giving T-Mobile and Sprint the right to renegotiate the terms of their deal. Legere said the companies are having "conversations and discussions," but didn't get into details.

    At today's announcement, Legere came out swinging to assert that a bigger T-Mobile would continue to compete on price. "These people have yet to realize that we want what they want. We will deliver more innovation, stronger competition and lower prices," he said.
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