Mobile stokes optimism for Sprint merger during earnings call

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As previously noted, T-Mobile's branded postpaid phone churn came in at 0.99% during the quarter.

The company's net income fell to $640 million, or 75 cents a share, in the fourth quarter, from $2.71 billion, or $3.11 a share, a year earlier, when it recorded a big one-time tax related gain. Legere scoffs at this, saying he wouldn't want to lose goodwill accumulated from being the "Un-carrier" all these years, stating, "New T-Mobile will make available the same or better rate plans as those offered by T-Mobile or Sprint as of today's date for three years following the merger".

Revenue: T-Mobile posted total revenue of $11.4 billion in the fourth quarter, up 6 percent over past year and just ahead of analyst expectations. The third and fourth largest wireless providers in the USA say that joining forces would allow them to roll out the next generation of wireless networks more quickly and compete better with the top players AT&T and Verizon. The FCC and the Department of Justice are among the agencies that must approve the deal.

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"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. It also might have to raise the prices of third party services whose costs are not controlled by T-Mobile.

When analysts pressed him on the pricing commitment, Legere said network capacity is one of the key differentiators for a combined T-Mobile and Sprint. "American consumers will benefit from a nationwide 5G network that is both broad and deep, and we can't wait to get started", he said. Monroe County has already contacted T-Mobile to offer our unique workforce development programming, like LadderzUp and Recruiting on the Road, to help link our residents to the company's new jobs here. And top T-Mobile execs, including chief executive John Legere, have spent significant time staying at the Trump hotel in Washington, though Legere has said he hopes regulators will "make their decision based on the benefits it will bring to the US, not based on hotel choices". "Today's news makes clear that T-Mobile knows that its merger is in trouble".

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