T-Mobile has recently received approval to acquire Mint Mobile and Ultra Mobile, two Mobile Virtual Network Operators that currently operate on its network. This $1.35 billion buyout was initially proposed in March of last year, with a presentation made to the FCC in June to address any concerns about competition and consumer impact.
In a recent announcement, T-Mobile shared its commitment to unlocking existing Mint Mobile and Ultra Mobile devices for customers who have been activated on the T-Mobile network for at least 60 days and are not on a device financing plan. This new unlocking policy will be communicated to customers within 60 days of the purchase closing.
The FCC highlighted this unlocking agreement as a positive step towards making it easier for MVNO customers to switch carriers. With T-Mobile gaining more control over these brands post-acquisition, the FCC believes that eliminating double marginalization could lead to lower prices or improved service offerings.
During an earnings call, T-Mobile’s CEO Mike Sievert expressed his excitement about the regulatory approval, stating that they are eager to welcome Mint and Ultra Mobile into the ‘uncarrier’ family. The deal is set to close on May 1st, marking a significant milestone for T-Mobile’s expansion in the telecommunications market.
