Jim Cramer on What the Sprint, T-Mobile Merger Means for Verizon, AT&T's 5G Rollout

Publish date:
Video Duration:

The Sprint  (S) - Get Report and T-Mobile  (TMUS) - Get Report merger finally won approval from a federal court judge over objections from several state attorney generals.

This approval comes two years after the deal was first announced. The deal, in case you need a refresher, is a $26 billion all-stock merger.

The merger plans have divided both lawmakers and attorneys since April 2018, when it was announced.

The deal will reduce the number of national wireless carriers from four to three, which meant that there could possibly be consumer price increases,

The two companies have said that they plan to increase 5G spending and investments in rural telecoms infrastructure.

The promise led Federal Communications Commission Chairman Ajit Pai to approve the merger, and recommend it to his colleagues last year.

The DoJ approved the deal in July, however, after both Sprint and T-Mobile agreed to sell $5 billion in prepaid wireless and spectrum assets to Dish Network Corp.

So, what does Jim Cramer think about the merger in terms of the rollout of 5G from Verizon  (VZ) - Get Report and AT&T  (T) - Get Report?

Watch the video above for his full answer. 

Catch up on the Latest Videos on TheStreet!

Related Videos