How the sprint deal is a feather in t-mobile c.e.o.’s cap dealbook briefing – the new york times electricity bill cost per month


Those policies helped T-Mobile add nearly 40 million customers over the last five years, with 5 million new customers added last year alone. AT&T, Verizon and Sprint all followed suit, and in recent years the overall price of basic wireless plans has stayed flat or fallen, according to Obama-era regulators.

The Un-carrier campaign helped propel T-Mobile ahead of Sprint in 2015. As of Dec. 31., the company had 58.7 million retail subscribers, compared to Sprint’s 40.9 million. T-Mobile’s market value also outstripped that of Sprint’s, contributing to the structure of Sunday’s deal: Mr. Legere would become C.E.O. of the combined company, which would keep the T-Mobile name.

Mr. Legere is also well-known for his Twitter feed, a stream of posts that ranges from slow-cooker cuisine (Sunday’s edition, published before the deal was announced, involved Kansas City-style ribs, a sly nod to Sprint’s hometown) to his indoor cycling. But it also includes frequent taunts of his competitors, with Verizon and AT&T derided as “ dumb and dumber.”

Yesterday’s rollout of T-Mobile’s $26.5 billion bid to buy Sprint — the companies’ latest merger effort over the years — showed that both wireless carriers are laser-focused on winning over regulators. Their main talking points: Together they can build a robust 5G wireless network, keep prices low for consumers, and create jobs — particularly in rural areas. And the wireless market won’t be a three-company business, with Comcast and others trying to break in.

Whether they will succeed is another matter. Michael and Cecilia Kang point out that while the F.C.C. commissioner, Ajit Pai, has signaled an open mind toward mergers, many antitrust staffers at the Justice Department are the same people who opposed the deal in 2014.

“It would not surprise me if they can come up with an economist with a model that says this is all unicorns and cupcakes,” said Michael Kades, a former lawyer at the F.T.C. who is now the director of markets and competition policy for Washington Center for Equitable Growth. “But the market concentration is presumptively anticompetitive.”

More on the T-Mobile-Sprint deal: SoftBank’s Masayoshi Son, who controls Sprint, finally gets the merger he has long craved, but walking away from talks last year cost him dearly. Customers shouldn’t expect their phone bills to go up — at least, not right away.

Critics’ corner: The proposed transaction carefully targeted everything President Trump likes, according to Jennifer Saba of Breakingviews. If the deal fails, T-Mobile has a bright future, but Sprint doesn’t, Tara Lachapelle of Gadfly writes. A bigger step toward financial firms limiting gun sales?

The financial companies have explored creating a new credit-card code for firearms dealers, similar to how they code restaurants, or department stores, according to people familiar with the matter. Another idea would require merchants to share information about specific firearm products consumers are buying, some of the people said.

If the credit card companies and banks agreed, they could come up with a series of subcodes that would identify retailers that sold guns under a “best practices” policy — like the policy that Citigroup proposed or the one that Walmart and Dick’s follow — and the ones that don’t. It would add transparency to the process, and it would give banks that issue credit cards the opportunity to decide which retailers they wanted to associate with.

But such a move might concern opponents of gun control, who worry that keeping tabs on firearms sales would be contrary to the government’s hands-off approach to monitoring such transactions. And then there are general privacy concerns: Adam Levitin, a law professor at Georgetown, told the WSJ: “There’s the slippery slope danger if it’s guns today maybe it is pornography tomorrow and the day after it’s right-wing literature.”