T-Mobile and Sprint just announced their $146 billion merger
- Rural communities. Rural Americans seldom have a choice of more than one or two wireless, broadband, or cable providers. The New T-Mobile will end that with increased reach and plans to open hundreds of new stores in rural communities, creating thousands of new jobs. Millions of Americans in rural communities will have more choice and competition, where they may have none today.
- Broadband. 51% of Americans have only one high-speed broadband option – no choice at all! The combined company will create a viable alternative for millions by enabling mobile connections that rival broadband, driving prices lower and improving service.
- Business and government wireless services. Today, Verizon and AT&T dominate this category with 4x more customers than Sprint and T-Mobile added together. With its assets and capabilities, the new company will unlock real competition for business and government customers.
- Pro Forma 2018E Service Revenue 1 of $53-57 billion
- Pro Forma 2018E Adjusted EBITDA1,2 of $22-23 billion
- Pro Forma 2018E Adjusted EBITDA1,2 Margin of 40-42% with a longer-term target of 54-57%
- Pro Forma 2018E Net Debt3 of $63-65 billion with a streamlined single-silo corporate debt structure
- Fully funded business plan with significant liquidity at close
Published May 2, 2018
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