The wireless provider landscape as we know it will soon be changing.
Sprint and T-Mobile have been in talks to work out a merger of the two companies since 2018, and after overcoming some obstacles, one of which being a lawsuit brought by a group of states to block the deal, the merger looks like it’s on its way to becoming a reality by the end of the second quarter of 2020.
Currently, AT&T is valued at $274 billion and Verizon at $242 billion.
This merger will put the combined Sprint/T-Mobile at a value of $120 billion, making it the third largest wireless provider. Fourteen state attorneys general had sued to block the deal, stating the merger would reduce competition and raise costs for consumers, but a New York district judge ruled the merger should be allowed.
With the end in sight, it’s time to start preparing for how this will shape things in the future of wireless communications. On the positive side, it will give companies looking for economical, reliable cellular service another option to choose from. In taking over Sprint, the company also acquires T-Mobile’s spectrum assets, helping improve its 5G network.