“There’s tentative approval with some very unusual conditions that shockingly turn out great for you and me as consumers,” says money expert Clark Howard.
According to Clark, the T-Mobile/Sprint merger is beneficial for consumers because it’s going to mean that people have more choices.
T-Mobile-Sprint merger: How consumers can benefit
The deal has been in the works for more than a year, but hit some snags and roadblocks over antitrust concerns.
A main sticking point throughout the process has been the Justice Department’s insistence on maintaining four major carriers in the marketplace for the sake of competition.
The negotiations led the government to insist that Dish, a satellite TV company, join the ranks of mobile carriers with a hand from T-Mobile and Sprint.
As part of the settlement, T-Mobile and Sprint would:
- Sell assets, including wireless spectrum, to Dish Network, according to Bloomberg
- Position Sprint’s prepaid service Boost Mobile as a fourth major wireless carrier
- Allow the new wireless service to run on T-Mobile’s network for seven years, the Wall Street Journal reports
Clark says that the T-Mobile-Sprint merger is actually a win-win for consumers.
“This crazy curve ball with us being able to stay at four cell phone providers — with the Dish Network folks coming in and creating a fourth competitor — is going to be great,” he says.
“It means we as consumers win both ways: We keep the competition in the cell phone space AND it creates meaningful, real, wonderful competition to break the choke hold of massively high prices for home and small-business internet.”
An antitrust lawsuit from several states, including New York and California, intended to block the T-Mobile-Sprint merger still needs to be sorted out.
As the merger details cascade through the wireless industry, consumers looking for great deals won’t have to wait too long. In fact, you can expect AT&T, Verizon and even some of the smaller wireless providers to counter with more money-saving cell phone deals.
Team Clark actively checks for new and current cell phone deals across the industry so you can save more money on your bill. Check out Team Clark’s guide to the best cell phone plans and deals right now!