"We remain optimistic and confident that once regulators review all the facts, they will recognize the significant pro-consumer and pro-competitive benefits of this combination", CEO John Legere said during the call. Analysts had been hoping for T-Mobile to shoot a little higher: the consensus estimate for 2019 was for 3.65 million net new postpaid additions.
But merger or not, T-Mobile's business has been respectably humming along. And top T-Mobile execs, including chief executive John Legere, have spent significant time staying at the Trump hotel in Washington, though Legere has said he hopes regulators will "make their decision based on the benefits it will bring to the US, not based on hotel choices". T-Mobile and Sprint will also need approval from the Justice Department to move forward with the merger. "I am very pleased with the progress we've made in our merger and the process so far, and I continue to expect regulatory approval in the first half of the year", Legere said.
From his perspective, "regulators are ignoring the noise and conducting a fact-based review".More news: Dem derides Trump claim he prevented NKorea war
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"Critics of the merger, largely employed by big telco and big cable, have principally argued that we are going to raise rates right after the merger closes", Legere said. Ostensibly, customers signing up with the new T-Mobile if and when the merger goes through would pay no more than this until at least 2022. The hearing is set for February 13, and both Legere and Sprint Chairman Marcelo Claure have agreed to testify.
But from another perspective, Clyburn's involvement with T-Mobile serves to inoculate the company from critics who argue the deal will be largely bad for consumers because it will mean the elimination of a competitor from the US wireless market. Together, the two companies could "to react, invest and compete harder and that will be good for consumers and innovation", he said.
To remove any remaining doubt or concerns about New T-Mobile's prices while we are combining our networks over the next three years, T-Mobile today is submitting to the Commission a commitment that I stand behind - a commitment that New T Mobile will make available the same or better rate plans for our services as those offered today by T-Mobile or Sprint. In 2018, T-Mobile brought in a total of $43.25 billion in revenue, also just ahead of analyst expectations and up 7 percent over 2017. "The New T-Mobile will be uniquely positioned to give you both".