T-Mobile-Sprint: Key stats before the merger
Here's how the two companies stack up in terms of size, market share and more.
Company | T-Mobile (TMUS) | Sprint (S) |
Ranking by total number of customers | No. 3 | No. 4 |
Employees | 52,000 | 30,000 |
Revenue | $43.3B | $33.6B |
Price per share (Following announcement 7/26/19) | $82.53 | $7.90 |
Shares outstanding | 854,303,011 | 4,090,807,600 |
Market cap | $70.51B | $32.32B |
Total wireless customer count | 81.3M | 54.5M |
Total wireless postpaid | 45.54M | 32.77M |
Total wireless prepaid | 21.2M | 8.8M |
Coverage map | ||
Retail store numbers | 2,200 | 3,800 |
5G coverage | Atlanta, Cleveland, Dallas, Las Vegas, Los Angeles, New York | Current: Atlanta, Dallas, Houston, Kansas City (Expected: Chicago, Los Angeles, New York, Phoenix, Washington D.C.) |
Spectrum for 5G | mmWave | Sub-6GHz (2.5GHz) |
Peak 5G download speed | 583 Mbps | 484 Mbps |
5G phones | Galaxy S10 5G | LG V50; Galaxy S10 5G |
T-Mobile CEO John Legere, left, and Sprint Executive Director Marcelo Claure pose before testifying to the House Judiciary Committee's Antitrust, Commercial and Administrative Law Subcommittee in March.
T-Mobile and Sprint got the go-ahead for their $26 billion merger Friday from the US Department of Justice. The merger will create a carrier that has the size and scale to better go toe-to-toe with industry leaders Verizon and AT&T in an effort to attract consumers by offering better service at lower prices.
The DOJ wasn't alone in scrutinizing the merger between T-Mobile and Sprint. Thirteen state attorneys general, including New York's and California's, filed a lawsuit alleging the merger would raise prices for consumers.
While the Federal Communications Commission gave the deal its approval last month, the DOJ was looking for T-Mobile to sell off additional assets to create a new wireless competitor. In response to the DOJ's concerns, T-Mobile reached a deal with Dish Network. The satellite provider would receive wireless spectrum from T-Mobile and Sprint's prepaid wireless network, Boost Mobile.
To ease antitrust concerns, T-Mobile and Sprint have promised to hold prices steady for three years. They've also pledged to create customer service centers to spur job growth.
Here's a comparison of how T-Mobile and Sprint stack up:
