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Fifth-generation wireless just got a boost . . .
When a U.S. District Judge approved a 5G mega-merger.
Go here for my #1 stock for 562% profits.
The federal judge approved the merger of Sprint (NYSE: S) with T-Mobile (NASDAQ: TMUS). And the news sent shares of the stocks surging.
T-Mobile shares jumped 11% on the news.
And Sprint shares surged 75% in early trading this morning (click here for the #1 5G winner in 2020).
The deal has already gotten the approved from the Justice Department and the Federal Communications Commission. And that should’ve been the end.
Yet a lawsuit from attorneys general in 14 states tried to STOP the merger. They claimed that a merger of the two companies would limit competition and result in higher prices.
Meanwhile, Sprint and T-Mobile argued that a merger would allow them to compete against competitors AT&T (NYSE: T) and Verizon (NYSE: VZ).
The combined company plans to aggressively rollout 5G network across the U.S.
In fact, they told the FCC that they would . . .
Deploy a 5G network covering 97% of the U.S. within three years!
FCC Chairman Ajit Pai said that the deal “will help close the digital divide and secure United States leadership in 5G.”
To gain approval, Sprint agreed to sell some assets and wireless spectrum to Dish Network. And Dish now plans to enter the U.S. wireless market.
Dish Chairman Charlie Ergen says that the ruling “accelerates our ability to deploy the nation’s first virtualized, standalone 5G network and bring 5G to America.”
Dish plans to build a 5G network covering 70% of the U.S. within four years.
Building 5G across America will cost over $100 billion.
Sprint and T-Mobile are the smaller players in the market. And it was going to be challenging for them to each make the required investment to compete.
The merger will allow them to reduce expenses and invest in a new 5G network to reach most of the U.S.
American consumers will continue to benefit from three major wireless carriers. And the addition of a new network from Dish will provide ample choices and competition.
The race toward 5G is underway. And early investors stand to earn a fortune.
That’s why I’m going “all in” on 5G stocks right now.
Just click here for my urgent 5G profit briefing.
Yours in Profits,
Ian Wyatt