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Jun172020 by adminNo Comments

FCC calls hours-long T-Mobile service outage ‘unacceptable’

Technology

The head of the U.S. communications regulator says T-Mobile’s nationwide, hours-long outage Monday was “unacceptable” and that the Federal Communications Commission will investigateBy TALI ARBEL AP Technology WriterJune 16, 2020, 10:07 PM2 min read2 min readShare to FacebookShare to TwitterEmail this articleNEW YORK -- The head of the U.S. communications regulator said T-Mobile's nationwide, hours-long outage Monday was “unacceptable” and that the Federal Communications Commission will investigate. T-Mobile, one of the country's three largest cellphone service providers, said it had a “voice and text wireless issue" that began around noon EDT Monday. The company said at 1 a.m. Tuesday that all problems had been resolved. The company blamed an internet-traffic issue that ca...

T-Mobile agrees $26bn deal to buy rival

Technology

US wireless carrier T-Mobile has announced a $ 26bn (£18.9bn) acquisition of Sprint Corp.The all-stock deal would see the companies - third and fourth-largest in the US telecoms industry - combine to serve 127 million customers and employ more than 200,000 people.The agreement is likely to attract regulatory scrutiny, with concerns over competition and fears it could mean higher prices for customers, as a combined company would not have to offer as many promotions to lure new users.John Legere, president and chief executive of T-Mobile US, said: "This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and a second-to-none network experience - and do it all so much faster than either c...

Sprint, T-Mobile set to announce a $26 billion merger, with John Legere at the helm

Finance

T-Mobile is closing in on a deal to merge with Sprint that will value Sprint just above its current market price of $ 6.50 per share, people familiar with the matter told CNBC, and will likely place T-Mobile's chief in the top job.John Legere will run the combined company, which will have dual headquarters in Bellevue, Washington and Kansas City, according to one of the people. Some Sprint executives are expected to remain with the company even after a deal is announced, the person said.The $ 26 billion all-stock deal could be announced as soon as Sunday, said the people, who asked not to be named because the negotiations are private. No deal has been signed and talks could still fall apart, the people said. SoftBank, which owns about 85 percent of Sprint, will allow Deutsche Telekom, whic...