In a press release issued Thursday morning, T-Mobile US CEO John Legere, who is set to exist the company in a few months, said the operator has “broad support support from the banks” to close it’s merger with Sprint. The $26 billion deal will create the New T-Mobile and effectively consolidate the U.S. Tier 1 landscape from four national players to three.
The merger of the two operators would also give New T-Mobile a highly advantageous spectral position with the combo of T-Mo’s 600 MHz and millimeter wave portfolio and Sprint’s 2.5 GHz holdings.
