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"The company's long-gestating merger with T-Mobile continued to hang over every aspect" of Sprint's Q3 results.
States opposing the merger call it "presumptively anticompetitive” but the companies say it will “create a new, world class network."
The company's second-quarter results "underline how badly Sprint needs a merger with T-Mobile.”
The deal is still being opposed by 14 states that claim it will harm "consumers, workers, and innovation."
If the states obtain an injunction before the deal is consummated, "that would bring things to a halt."
The companies agreed to expand mobile access and to divest the prepaid business Boost.
Veteran telecom executive Sunit Patel is expected to bring his integration expertise to T-Mobile as it combines with Sprint.
The announcement comes as T-Mobile seeks approval for its merger with Sprint.
Here's why companies should look to their CFOs as "chief financial innovators."
While the wireless carrier will charge more for service under its new plans, the average price per gigabyte of data will fall.
Can the asset-backed security market cure wireless carriers' elongated cash cycle and ballooning working capital requirements?
