April 1 (UPI) -- T-Mobile formally completed its $31 billion merger with Sprint on Wednesday, a union of the United States' third- and fourth-largest wireless carriers.
The new company, to be called T-Mobile, promised that its 5G network will reach 99 percent of U.S. homes within six years and offer 50 Mbps speeds to 90 percent of rural areas, to get Justice Department approval of the merger. It is also committed to 100 Mbps service to 90 percent of the population and free Internet access to 10 million homes. Sprint's prepaid businesses, including Boost Mobile and Virgin Mobile, will be sold to Dish Network, a Justice Department demand to help Dish become a nationwide wireless competitor.