Sprint & T-Mobile Merger: Updates and What it Means for You (2024)

FAQs

What does T-Mobile Sprint merger mean for customers? ›

There's not a thing Sprint or T-Mobile customers need to do!

For now, all customers will stay with the same Sprint and T-Mobile network and service they've been using. Sprint customers can now visit a T-Mobile store for service; most T-Mobile branded stores can now serve both Sprint and T-Mobile customers.

No, we're not making any changes to your rate plan.

Over time, you will see additional benefits as we supercharge our network and honor our commitment to offer the same or better rate plans to our customers. You'll still get the benefits and award-winning customer service our customers have come to love.

Merger synergies are expected to be between $7.2 billion and $7.5 billion, including $2.5 billion to $2.7 billion of SG&A expense reductions, $3.1 billion to $3.2 billion of cost of service expense reductions and approximately $1.6 billion in avoided network build costs.

Upon the consummation of the Merger, former Sprint Nextel stockholders collectively became entitled to receive a total of approximately 850,899,628 shares of Sprint Common Stock (excluding the effect of dissenting shares and fractional shares cashed out pursuant to the Merger Agreement), and HoldCo's shares of Class B ...

Sprint plan customers have been slowly migrated over time to the T-Mobile biller, and a high majority have already completed that migration (for better or worse). There may still be a small subset of customers still on the Sprint biller, but they are few and far between.

Indeed, folding in Sprint's midband 5G towers has given T-Mobile a lead on 5G, letting it achieve nationwide coverage of more than 200 million Americans with faster 5G in 2021, years ahead of both Verizon and AT&T. T-Mobile has also improved 5G access for rural customers, Sievert said.

Depending on the specifics of the merger, investors may have their shares cashed-out, or exchanged for shares of the new company. Prices of stocks may increase or decrease, often depending on if they're shares of the target or acquiring company.

When a transaction closes, the new company will simply take over performance as the successor-in-interest to the old company. The merger agreement will already assign the rights and obligations under existing contracts to the buyer without a new, specific process for each existing agreement.

When a Sprint is cancelled, any completed and "Done" Product Backlog items are reviewed. If part of the work is potentially releasable, the Product Owner typically accepts it. All incomplete Product Backlog Items are re-estimated and put back on the Product Backlog.

If two companies can merge to create greater efficiency or scale, the result is what is sometimes referred to as a synergy merge. The expected synergy achieved through a merger can be attributed to various factors, such as increased revenues, combined talent and technology, and cost reduction.

Is T-Mobile better than Verizon? ›

But T-Mobile leads in 5G coverage and has added perks like streaming subscriptions and travel discounts, while Verizon also has extensive 5G coverage and offers its own unique add-on options like in-car Wi-Fi and professional personal monitoring.

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The shares of company that is getting merged are suspended from trading from the record date onwards. So whoever bought the shares before suspension is eligible for getting the shares. Take HDFC's merger with HDFC Bank as example.

What Happens to Call Options in a Merger? When a merger is completed the two companies that merged combine into a new entity. At that time, trading in the options of the previous entities will cease and all options on that security that were out-of-the-money will become worthless.

In such a case, if the acquiring company distributes cash for those shares, you will receive the said amount, and the acquired company's shares will disappear. If the acquiring company distributes shares of their company, the shares as per the deal will be credited to your account.

For example, the regular Sprint Unlimited starts at $60 per month, per line. However, the senior version of this plan starts at $50 per month, per line, with a second line reduced to just $20. Even if you just purchase one line, that saves $120 per month, versus what a regular Sprint customer would pay.

T-Mobile and Sprint devices are unified and should not need to be unlocked to work on the New T-Mobile network.

The plaintiffs suing T-Mobile are Verizon and AT&T customers, and T-Mobile contends they should not be allowed to sue over T-Mobile's completed merger with Sprint. The lawsuit seeks billions of dollars in damages, and the plaintiffs want the courts to undo the combination. T-Mobile declined to comment on Thursday.