T-Mobile US has confirmed the long awaited merger deal with Sprint has finally been completed, as the outgoing John Legere hands over the CEO role to Mike Sievert.
It has previously been reported that the deal is worth an estimated $59 billion (£47 billion).
In a press release the operator – which will now share its trades on the NASDAQ as ‘TMUS’ – reveals it plans to deliver a “transformative 5G” network across the USA.
To help achieve this, the new T-Mobile plans to have more than 14 times the capacity of the standalone T-Mobile network, over the next six years, which will be helped by investing $40 billion (£32 billion) into the network.
The operator is targeting 5G rollout to 99 per cent of American’s during this six-year period, with plans to cover 90 per cent of rural America with 5G speeds of up to 50Mbps.
Sievert said: “During this extraordinary time, it has become abundantly clear how vital a strong and reliable network is to the world we live in.
“The New T-Mobile’s commitment to delivering a transformative broad and deep nationwide 5G network is more important and more needed than ever and what we are building is mission-critical for consumers,”
“With this powerful network, the New T-Mobile will deliver real choice and value to wireless and home broadband customers and double down on all the things customers have always loved about the Un-carrier.”
Legere steps down from the role, which he has held since 2012, and will continue as a member of the board of directors for the remainder of his current term, through to the annual shareholders meeting planned in June.
“You know T-Mobile has been all about challenging the status quo and Sprint has a track record of being a tenacious challenger and a dedicated customer advocate as well. So, with innovation, disruption and obsession for the customer experience as the foundation that the New T-Mobile is built on, just imagine what’s to come,” said Legere.
