The merged company's enhanced scale and financial strength will drive a planned investment of
With the close of the merger of
The two companies announced their plans to merge in 2018 and the
The final hurdle was cleared in February when a
That suit had alleged that the
The merger creates a telecommunications giant capable of competing with leading US wireless carriers
In its news release,
The company promised that network would be a "quantum leap forward," adding that it is only achievable "by using T-Mobile and Sprint's combined low-, mid- and high-spectrum bands - and only the New T-Mobile will have the resources to do it quickly."
It added that "synergies achieved from the integration have the potential to unlock massive scale and unleash at least
T-Mobile said the greatly expanded capacity of that 5G network will "enable the New T-Mobile to leapfrog the competition in network capability and experience," adding that "customers will have access to average 5G speeds up to eight times faster than current LTE in just a few years and 15 times faster over the next six years."
The company also said that within six years the New T-Mobile will provide 5G to 99 percent of the US population and average 5G speeds in excess of 100 megabits per second to 90 percent of the US population.
Rural areas of the US will be big beneficiaries, the release said, with people in those regions to be covered with "average 5G speeds of 50 Mbps, up to two times faster than broadband on average."
T-Mobile's shares, which trade on the Nasdaq, rose on the announcement of the completion of the merger and were up 1.47 percent at the close of the trading day on Wednesday. EFE
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