Filed by
T-Mobile
US, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Sprint Corporation
Commission File No.:
001-04721
Excerpts from a
T-Mobile
All Employee Webcast:
Introduction
***
John Legere
CEO,
T-Mobile
I did recently go down with my top team and I spent two days with the leadership of Sprint, including
having an all employee town hall and it was very important to update them on the deal. And I want to do that with you here today, if we could.
Six months
ago, we announced this deal six months. Now a couple of things. These are probably we talk about the heroes associated with the hurricane, we talk about what happened in retail and care and team of experts and the quarter results.
Ive got news for you. You have to find the closest attorney, regulatory person, network modeler, the people who are they are working 24 hours a day on the process of getting regulatory approval, FCC, DOJ, State Public Utility
Commission, states attorney generals, etc. Everybody wants to know about this and its going nonstop. Not done yet.
I want you to notice that what
we said is we will proudly, quietly and mark my words on this one, its the hardest act for me humbly participate in this process, without using too much of a public forum to talk about this deal. But I want to talk to YOU about
it!
So, a couple of dates. April 29
th
is the merger the 27
th
or the 29
th
? April 29
th
, I announced it in my head on the 27
th
. June 18
th
, our public interest statement was filed with the FCC. If you have some extra reading time, you want to go through this gigantic
document. June 27
th
, sounds like a long time ago, I raised my right hand and swore to tell the truth, the whole truth and nothing but the truth to the Senate Judiciary it was another of
those events where we were well represented and we moved forward.
The FCC public notice, which is their acknowledgement that something is going on, was
July 18
th
. August 27
th
, the opposition filed their statements to the FCC.
Now, a lot of things you can look into this. I would say nothing startling, nothing out of the ordinary, so you keep moving forward. September 17
th
, we filed our reply to the opposition. What a great opportunity. They show us exactly what they have a problem with and we went back with our position.
We put so much information on this table, so much modeling, so much of the economics of the deal, we got into a situation where it is called a clock stop. So,
the FCC, they have a period of time to approve the deal at any point in the process they can just stop the clock. Knew whats happening, its for good reason because what we gave them was so incredible and voluminous they said
Whoa, weve got to look at this. So, all very good.
We named where is Sunit? So, Sunit Patel, who was the CFO of CenturyLink, is
now the Executive Vice President of the Integration and Merger Process. So Sunit, youll hear a lot more from him.