John and Marcelo's Open Letter to Consumers
Focusing on Consumer Value and Taking on the Big Guys
T-Mobile and Sprint have announced plans to merge and together we will create a supercharged disruptor with the resources to unlock the 5G future, spur innovation and investment, compete to drive down prices for consumers everywhere and create jobs. That is not speculation, that is a promise!
With a nearly $40 billion investment in the business, we plan to build a broad, deep, nationwide 5G network – next generation wireless broadband – that will be available for everyone. Not just a few in a handful of cities, but 5G in virtually every part of every state!
With speeds up to 5x faster than current LTE in just a few years and reaching as much as 15x faster by 2024, New T-Mobile’s 5G network will literally change the way we think about and use the Internet. Our country’s innovators and entrepreneurs will be unleashed to do what they’ve done so many times before… amaze us all with inventions that transform the way we live, work and play. Consider how things like automobiles and telephones and personal computers (PCs) changed the course of history by opening up America, letting culture, communities and commerce flourish. Now imagine a world where telemedicine is a reality anywhere in the country. Or real-time language translation exists. Or new agribusiness applications allow farmers to monitor crops, climate and livestock in real time. Even just your everyday Internet connection will be faster and better!
And, because our new 5G network will dramatically drive down the cost of delivering a gigabyte of data, while increasing the amount of data we can deliver, we plan to compete aggressively to drive down prices. Our new company will have every economic incentive to offer more value. What is great for consumers is that our larger competitors will have no choice but to respond. The idea of an aggressive, customer-obsessed competitor with the size and scale to truly compete – one built to focus on value (as the New T-Mobile will be) – will force companies like AT&T, Verizon and Comcast to act, and that will benefit ALL consumers in the 5G era!
We will also bring more meaningful competition to broadband – your home Internet. Based on the latest data, 48% of Americans have no in-home broadband or just one choice. With our new company’s 5G network, we will change all that. We’ll offer a real alternative and create competition for millions of Americans, many in underserved rural communities. We think it’s about time more consumers had real choices. Plus, it’ll just be fun to make the big internet providers squirm.
All of this is going to take talented people. That’s why we’ve committed to employing more people from day 1 together than we would have separately. This deal creates jobs … period. Thousands of them across the entire country.
Make no mistake: The New T-Mobile will be a fierce competitor in wireless, broadband and beyond. We will fight for consumers and lower prices while delivering more value. We simply won’t have it any other way. This is the future we envision – this is a future with #5GforAll.
Chief Executive Officer