Earlier this week, T-Mobile hosted its 7th Un-Carrier event where the “Wi-Fi Unleashed” campaign was announced. All T-Mobile smartphones will be able to use Wi-Fi calling and texting like the Apple iPhone 6 and Apple iPhone 6 Plus.
T-Mobile has announced the latest plans for its Uncarrier strategy, which is a series of announcements that are wild and different from other wireless carriers. The strategy was spearheaded by T-Mobile’s eccentric CEO John Legere. Today T-Mobile launched a service called Test Drive, which is a service where users can get an iPhone 5S for seven days to try out T-Mobile’s “data strong” network for a test drive. There is no down-payment or charge required. You simply get the device, try out the network, and return it when you are done.
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Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) are nearing a deal to merge. Sprint and T-Mobile have talked about merging for years, but the talks postponed over and over due to other deals taking place and antitrust regulation. However, the two companies have settled on a $32 billion deal that is expected to happen this summer, according to sources with The New York Times.
The T-Mobile US Inc (NYSE:TMUS) parent company reportedly wants Sprint to agree to a “breakup fee” worth over $1 billion if regulators block a merger between the U.S. carriers. Deutsche Telekom AG owns 67% of T-Mobile and allegedly wants Sprint to keep the T-Mobile brand and some management if it is allowed to acquire the company, according to The Wall Street Journal.
Sprint is talking to banks to put together funding for a bid of smaller rival T-Mobile, according to several reports. Simultaneously, Sprint is working on easing regulatory concerns that the deal would hurt competition. Sprint, owned by Japan-based SoftBank Corporation, is looking to fund T-Mobile’s $50 billion price with corporate bonds and would cover the rest with syndicated loans and convertible bonds. Sprint is talking to JP Morgan, Goldman Sachs, and Deutsche Bank.
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The Federal Communications Commission (FCC) has approved of a $2.4 billion deal that gives T-Mobile US Inc (NYSE:TMUS) the rights to 700 MHz A block spectrum that is currently unused by Verizon.
T-Mobile is launching a new $40 “Simple Starter” plan on April 12th. This plan includes unlimited talk and text, but the LTE speed data is limited at 500MB. Unfortunately, this plan does not cover international communication. If you want to text someone that lives outside of the U.S. or utilize unlimited free data roaming, these features are only on the $50 plan and above.