T-Mobile: Financially Prepared to Close Sprint Merger

T-Mobile has announced that it the company is currently financially prepared to close its planned merger with Sprint.

According to the company, T-Mobile has been in communication with all 16 banks involved in the transaction, and has not received any notification that any of the banks are unprepared to fund their commitments to support the closing of the merger transaction.

The companies will continue to drive forward toward closing the merger as soon as possible.

“I’m pleased that right now we have broad support from the banks to finance the closing of this merger – we are very close to unleashing the capabilities of the New T-Mobile, and that is even more important for consumers during the current COVID-19 pandemic,” said T-Mobile CEO John Legere in a statement. “Our nation is more dependent than ever on connectivity, and we will continue to deliver our essential wireless service today and when we merge with Sprint, with a Nationwide 5G service that is broader and more robust than anything else in America. We can see the finish line and are prepared to close the merger very soon so our teams can get to work building a supercharged Un-carrier.”

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The T-Mobile and Sprint combination remains subject to certain closing conditions.