T-Mobile US is a marketing genius and Sprint has loads of spectrum. Together, they will pose a competitive threat.
However, if the merger is not approved, the industry will have four major competitors as it does today. In that world, the first two, AT&T and Verizon will continue rapid growth in a 5G world. The other two, Sprint and T-Mobile US will struggle for growth.
So, it depends what direction regulators are looking when they consider this merger. Are they looking forward to the coming 5G world, or are they looking backwards to yesterday? That's the only question they need to consider. That's the real question they need to answer because merger or no merger, the new world of 5G is coming.
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