As government officials continue the review of T-Mobile's proposed merger with Sprint, T-Mobile's CEO John Legere today wrote a letter to the FCC to address consumer issues. In the letter, Legere says that "New T-Mobile" will not increase prices after the merger with Sprint.
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Legends point out that critics of the merger between T-Mobile and Sprint have claimed it will cause the price to rise to the consumer. However, T-Mobile CEO says the merger ensures consumers will get even more for their money. Doctors write:
Critics of our merger, mainly employed by Big Telco and Big Cable, have mainly argued that we should raise interest rates just after the merger closes. I will undoubtedly say that New T-Mobile rates are not going to go up. Instead, the merger will ensure that US consumers pay less and get more.
Specifically, Legere says that after the merger, T-Mobile will offer plans to consumers who are "equal or better" than what is now offered by it or the sprint. He promises that this will be the case for three years after the merger has been approved:
To remove any remaining doubts or concerns about New T-Mobile's prices while combining our networks over the next three years, T-Mobile has today added The Commission A Commitment I Stand Back – A Commitment That New T-Mobile Will Make Available The Same Or Better Rate Plans For Our Services Like Those Offered Today By T-Mobile Or Sprint.
The $ 26 billion deal between T-Mobile and Sprint has already received approval from a national security panel through the Treasury Department. Currently, the deal has been investigated by the Justice Department and the FCC.
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