On Wednesday, Senator Elizabeth Warren of MA and Representative Pramila Jayapal of Washington issued letters demanding information about the T-Mobile executives' stays and whether Trump was informed of them. CEO John Legere said in the company's earnings announcement.
T-Mobile CEO John Legere accepts the award for CEO of the Year at the 2018 GeekWire Awards.
Shares of T-Mobile were down 3.69 percent as of 4:04 p.m. ET on Tuesday, while shares of Sprint were down 6.09 percent.
Whether Sprint and T-Mobile, together, could act as a stronger bulwark against AT&T and Verizon than they could separately is a key point of debate. I want to assure you that we would never do this.
"The combined company will create an aggressive competitor in wireless, broadband and beyond, which will result in lower prices for consumers and will create jobs starting on day one".
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From his perspective, "regulators are ignoring the noise and conducting a fact-based review". Congressional hearings on the matter featuring Legere and Sprint's CEO Marcelo Claure are scheduled for February 13 and 14.
"Critics of the merger, largely employed by big telco and big cable, have principally argued that we are going to raise rates right after the merger closes", Legere said. Although not mentioned specifically in the filing, T-Mobile offers its unlimited customers free Netflix (nflx) accounts, for example, but Netflix recently raised its prices. "With its business-friendly environment, diverse workforce and strong sense of community, the Greater Rochester area is a flawless location to build another New T-Mobile Customer Experience Center". "The combination has a multiplicative effect on the total available network capacity, and that's very exciting because pricing in the industry is a function of your costs and it's a function of your capacity".
T-Mobile says 2018 was a record financial year, setting the stage for some lofty goals in 2019, chief among them completing a blockbuster merger with Sprint and getting ready to build out a nationwide 5G network.
In its more detailed proposal, T-Mobile (tmus) said it might raise prices under some circumstances it termed "not within the control" of the merged company.
