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T-Mobile one step closer to Sprint merger after receiving shareholder approval

T-Mobile has today shared that it has received approval from its majority shareholder, Deutsche Telekom, to move forward with the existing merger agreement with Sprint.

Announced in a press release, the un-carrier shared that with 63.5% ownership of T-Mobile stock, Deutsche Telekom Holding B.V. voted to approve the currently in review merger agreement with Sprint.

John Legere shared a statement:

“This is another step forward in creating the New T-Mobile, so we can deliver on our promise to bring robust competition to the 5G era, giving consumers more for less and creating jobs,” said John Legere, Chief Executive Officer of T-Mobile. “For more than five years, T-Mobile’s Un-carrier strategy has disrupted the wireless industry, and together with Sprint we will continue our mission by securing U.S. leadership in nationwide 5G, creating a real alternative to fixed broadband and bringing a consumer-first mentality to entrenched giants. We can’t wait to continue improving the wireless industry for all consumers as the New T-Mobile.”

However, not everyone involved is feeling so positive about the deal. The Communications Workers of America Union believe that up to 28,000 jobs could be lost if the merger goes through as currently structured. CWA also has website dedicated to sharing its concerns.

Meanwhile, the FCC paused the clock on the merger review last month and asked for more clarification from the two carriers. The timeline is still paused at 55 days into the review, with the process taking up to 180 days. A decision won’t likely be made until next year.

You can read more about T-Mobile and Sprint’s plans at the New T-Mobile website.

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Avatar for Michael Potuck Michael Potuck

Michael is an editor for 9to5Mac. Since joining in 2016 he has written more than 3,000 articles including breaking news, reviews, and detailed comparisons and tutorials.