No Price Hike for 3 Years, CEO Says — Mobile Sprint Merger

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The plot twist. Early Thursday morning, T-Mobile reported 75 cents in earnings per share in the fourth quarter versus the Wall Street consensus estimate of 69 cents per share-up 23% from the same period previous year.

The company also banked $640 million in net income on $11.4 billion in total revenues.

T-Mobile posted preliminary results for Q4 2018 last month and the final results for the end-of-year quarter remain unchanged.

Due to subcommittee scheduling issues, T-Mobile's John Legere and Sprint's Marcelo Claure will appear before the House Communications Subcommittee next Wednesday, Feb. 13 at 10 a.m., and then appear the next day at the same time before the House Judiciary Antitrust Subcommittee.

With little news to share on the earnings front, the prospects for T-Mobile's merger with Sprint was the predominant focal point during the call. Both T-Mobile and Sprint have told regulators that the deal needs to be approved in order for the U.S.to be a leader in 5G connectivity. "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.

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The letter also implies that following the merger, consumers will get more bang for their buck.

The merger with Sprint is a $26 billion deal that would shrink the nation's major wireless competition from four different providers to three, including AT&T and Verizon. 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.

Some critics have argued that combining the networks would mean higher prices for customers, but T-Mobile is guaranteeing that it won't. 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-Mobiles 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 are those offered today by T-Mobile or Sprint.

In its more detailed proposal, T-Mobile (tmus) said it might raise prices under some circumstances it termed "not within the control" of the merged company.

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