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Sprint CEO Marcelo Claure reveals turnaround strategy

A TBR analysis report indicates that Sprint’s post-paid subscriber additions improved year-over year (39,000 in 1Q18 vs –118,000 in 1Q17). The company lost 165,000 wholesale subscribers and faced falling ARPU due to the carrier’s pricing promotions, contributing to wireless revenue falling 4.6 percent. — Steve Vachon, Analyst

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T-Mobile and Sprint pursue merger to gain needed scale to disrupt 5G landscape

On April 29, 2018, T-Mobile (NasdaqGS: TMUS) and Sprint (NYSE: S) announced a definitive agreement, under an all-stock transaction, to merge operations under the brand name T-Mobile with an approximate enterprise value of $146 billion. If the merger is approved, Deutsche Telekom (DT) and Softbank would hold 42% and 27% stakes in the company, respectively, with public shareholders owning the remainder. The combined company would be led by current T-Mobile executives John Legere as CEO and Mike Sievert as president and COO, while current Softbank CEO Masayoshi Son and Sprint CEO Marcelo Claure would serve on the company’s board of directors.