By now the news of the T-Mobile & Sprint merger has made the rounds. But what does it really mean for the industry and for 5G technology? Here now, we review the main points made by T-Mobile CEO John Legere and Sprint CEO Marcelo Claure: think, jobs, competition, and investments.
- The new T-Mobile will create many thousands of new jobs for the purpose of 5G technology development.
- The new T-Mobile’s 5G technology will position the U.S. as a leader.
- The merger will allow for 30x more capacity than what is available today with speeds up to 100x faster.
- 5G tech is necessary to fuel the next wave of mobile innovation, which will lead to a huge economic stimulus.
- Industry lines are blurring: video, broadband, and wireless are merging. AT&T is the #1 TV provider; Comcast added more prepaid phone customers last year than AT&T and Verizon combined; Charter is launching Spectrum Wireless this year.
- The combined company and the coming tech should drive down prices in rural America for businesses and consumers.
- 51% of Americans currently only have one option for their wireless provider, this merger would change that. It will create choice and competition in America.
- The combined company will invest $40B in business over the next three years, spurring a huge wave of investment and economic stimulus and will create competition and jobs.