At T-Mobile, we love to have a little fun. And sometimes, we have a little fun at the Carriers’ expense. So, on this unofficial Star Wars Day, May the Fourth, I give you A New 5G Hope. Check out the below 21 (!!!) minute video featuring quotes from media and consumers about Verizon and AT&T’s over-hyped, under-performing 5G “launches.” I think this says it all… and it really makes it clear why consumers need the New T-Mobile!
Now, I’ll admit, it was pretty fun putting this video together. And I hope you laugh as much as I did at some of these comments. But, all kidding aside, what AT&T and Verizon and the Cable companies are trying to do with 5G is serious… very serious. The status quo is quite simply not good for consumers in this country!
What’s being served up by the other guys just ISN’T GOOD ENOUGH. Verizon is deploying a long-term strategy that is limited in every sense of the word — limited in coverage area, limited in coverage depth, limited to the few, limited in how long it’ll take to be truly nationwide. And yet, Verizon decided to charge customers MORE for this half-baked version of 5G, only to reverse plans after being publicly ridiculed and instead force customers into their most expensive plans.
Meanwhile, AT&T’s 5GE deception is a clear ploy to trick their customers into thinking they’re getting 5G – or something close to it. News flash: they’re not. On top of that, AT&T keeps announcing cities where they have “launched” 5G, even though nobody can use it and they’re not selling any 5G devices. The cherry-on-top of AT&T’s 5G BS is the latest news that they are also considering CHARGING MORE for 5G by double dipping and charging for both data and performance!
If the best predictor of the future behavior is past behavior, this video is a very real preview of what we can expect for our 5G future if we continue with the status quo. We’ll be stuck with 5G for the few. We won’t have American leadership in this next generation of tech innovation. We won’t have real 5G that works for ALL Americans. It’s unacceptable!
The New T-Mobile is about the promise of a bigger, faster, better 5G for America – ALL of America. It’s about putting customers first with innovative mobile services that will deliver faster speeds, lower costs and better service. We plan to cover 95.8% of this country’s roughly 62 million rural residents with 5G service, and we’ll finally bring real competition to the Cableopoly with home broadband and TV services.
The New T-Mobile will utilize our existing low-band and mmWave spectrum and combining with Sprint’s mid-band spectrum to provide consistent and transformational 5G for everyone. mmWave spectrum is an important piece of the 5G puzzle, but it’s only that — a piece. Because mmWave spectrum’s coverage area is so small, Verizon’s mmWave-only strategy would cost them an astounding $1.5 trillion to roll out nationwide. #NeverGonnaHappen To provide the truly transformative experience of 5G (to EVERYONE) will require all spectrum bands.
And the New T-Mobile will get there fast. Verizon, AT&T and the Cableopoly are in no hurry to bring change to rural communities and underserved populations. The New T-Mobile will force innovation and drive access and service choices to small towns and cost-conscious customers.
I’ve talked about this before… 5G will spark a series of new technological innovations that will completely change the way we live, work and play. For travel, education, health and beyond, 5G has the power to completely transform our world. And I believe in bringing this transformative technology to EVERYONE, EVERYWHERE… not just those in a few cities.
If our merger is approved, the New T-Mobile will be positioned to take on the status quo and utilize its unique spectrum resources, extensive network investment and the commitment to deploying a higher quality and more robust network for rural America — capable of bringing enhanced wireless service to those who need it most.
Only with the New T-Mobile can we see a bigger, stronger and even more competitive version of the Un-carrier to challenge the failed status quo. This is a new 5G hope!
Important Additional Information
In connection with the proposed transaction, T-Mobile US, Inc. (“T-Mobile”) has filed a registration statement on Form S-4 (File No. 333-226435), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 29, 2018, and which contains a joint consent solicitation statement of T-Mobile and Sprint Corporation (“Sprint”), that also constitutes a prospectus of T-Mobile (the “joint consent solicitation statement/prospectus”), and each party will file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The documents filed by T-Mobile may be obtained free of charge at T-Mobile’s website, at www.t-mobile.com, or at the SEC’s website, at www.sec.gov, or from T-Mobile by requesting them by mail at T-Mobile US, Inc., Investor Relations, 1 Park Avenue, 14th Floor, New York, NY 10016, or by telephone at 212-358-3210. The documents filed by Sprint may be obtained free of charge at Sprint’s website, at www.sprint.com, or at the SEC’s website, at www.sec.gov, or from Sprint by requesting them by mail at Sprint Corporation, Shareholder Relations, 6200 Sprint Parkway, Mailstop KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at 913-794-1091.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain forward-looking statements concerning T-Mobile, Sprint and the proposed transaction between T-Mobile and Sprint. All statements other than statements of fact, including information concerning future results, are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Such forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction, including anticipated future financial and operating results, synergies, accretion and growth rates, T-Mobile’s, Sprint’s and the combined company’s plans, objectives, expectations and intentions, and the expected timing of completion of the proposed transaction. There are several factors which could cause actual plans and results to differ materially from those expressed or implied in forward-looking statements. Such factors include, but are not limited to, the failure to obtain, or delays in obtaining, required regulatory approvals, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction, or the failure to satisfy any of the other conditions to the proposed transaction on a timely basis or at all; the occurrence of events that may give rise to a right of one or both of the parties to terminate the business combination agreement; adverse effects on the market price of T-Mobile’s or Sprint’s common stock and on T-Mobile’s or Sprint’s operating results because of a failure to complete the proposed transaction in the anticipated timeframe or at all; inability to obtain the financing contemplated to be obtained in connection with the proposed transaction on the expected terms or timing or at all; the ability of T-Mobile, Sprint and the combined company to make payments on debt or to repay existing or future indebtedness when due or to comply with the covenants contained therein; adverse changes in the ratings of T-Mobile’s or Sprint’s debt securities or adverse conditions in the credit markets; negative effects of the announcement, pendency or consummation of the transaction on the market price of T-Mobile’s or Sprint’s common stock and on T-Mobile’s or Sprint’s operating results, including as a result of changes in key customer, supplier, employee or other business relationships; significant transaction costs, including financing costs, and unknown liabilities; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; costs or difficulties related to the integration of Sprint’s network and operations into T-Mobile; the risk of litigation or regulatory actions; the inability of T-Mobile, Sprint or the combined company to retain and hire key personnel; the risk that certain contractual restrictions contained in the business combination agreement during the pendency of the proposed transaction could adversely affect T-Mobile’s or Sprint’s ability to pursue business opportunities or strategic transactions; effects of changes in the regulatory environment in which T-Mobile and Sprint operate; changes in global, political, economic, business, competitive and market conditions; changes in tax and other laws and regulations; and other risks and uncertainties detailed in the Form S-4, as well as in T-Mobile’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements,” as well as in its subsequent reports on Form 8-K, all of which are filed with the SEC and available at www.sec.gov and www.t-mobile.com. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Given these risks and uncertainties, persons reading this communication are cautioned not to place undue reliance on such forward-looking statements. T-Mobile assumes no obligation to update or revise the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by applicable law.