T-Mobile hires executive to help integrate Sprint into the carrier's ecosystem
While T-Mobile awaits word from the FCC and the FTC about whether the two regulatory agencies will allow the carrier to merge with Sprint, the nation's third largest carrier continues to move forward on the assumption that the merger will be approved. For example, T-Mobile announced today that it has hired Sunit Patel as the company's Executive Vice President, Merger and Integration Lead. As you can tell from his new title, Patel is in charge of making sure that when the green light is flashed, Sprint will be able to quickly and easily assimilate into the T-Mobile system.
The merger was officially announced on April 29th, and both T-Mobile and Sprint say that the transaction will close during the first half of 2019.Patel will report directly to T-Mobile president and Chief Operating Officer Mike Sievert starting on October 1st; the company says that it is "confident that Patel’s experience and demonstrated skills will substantially increase the likelihood of a successful outcome for the New T-Mobile transaction, which will in turn bring significant benefits to consumers, employees and shareholders."
Patel previously worked as chief financial officer and executive vice president at CenturyLink, and had the same titles at Level 3 Communications. According to T-Mobile, working at both of those firms gave the executive experience at handling large-scale transactions. At Level 3, he was involved in that firm's purchase of Global Crossing.
On September 11th, the FCC stopped the clock on its informal 180 day countdown. The FCC hoped to have a decision on whether to block the merger or approve it before the 180 day period expired. The agency claims that it needs more time to review the transaction.