Filed by Sprint Corporation
Pursuant to Rule 425 under the Securities Act of 1933,
as amended, and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Company: Sprint Corporation
Commission File No.: 001-04721
The following communication was made available by Michel Combes, Chief Executive Officer of Sprint, on Twitter:
Tweet: Phenomenal news out of #Colorado for @Sprint & T-Mobile, thanks to the @COAttnyGeneral, @pweiser
announcement. Another step toward a merger that will benefit CO & the U.S. consumers with #5G, jobs, better pricing + offers. https://sprint.co/31zhdUX [Info: https://sprint.co/2pEpQA6]
ATTORNEY GENERALS OFFICE SECURES 2,000 JOBS, STATEWIDE 5G NETWORK DEPLOYMENT UNDER AGREEMENTS WITH DISH,
T-MOBILE
Oct. 21, 2019 (DENVER, Colo.) Dish Network will locate its new wireless headquarters with at
least 2,000 full-time employees in Colorado and T-Mobile will significantly build out a statewide 5G network, particularly in rural areas, under agreements the Colorado Attorney Generals office announced
today. The companies agree to pay up to a total of $100 million if they fail to meet these commitments.
Because of the substantial benefits that
Coloradans will gain from these commitments, the Attorney Generals Office will end its participation in a multistate lawsuit it joined in June to halt the T-Mobile and Sprint merger. The U.S. Justice
Department recently approved the $26.5 billion merger, in which Dish agreed to acquire the companies prepaid businesses and get access to T-Mobiles network for $5 billion, making it the
fourth largest nationwide wireless carrier.
The State of Colorado joined a multistate lawsuit to block the
T-Mobile-Sprint merger because of concerns about how the merger would affect Coloradans. The agreements we are announcing today address those concerns by guaranteeing jobs in Colorado, a statewide buildout of
a fast 5G network that will especially benefit rural communities, and low-cost mobile plans, said Chief Deputy Attorney General Natalie Hanlon Leh. Our announcement today ensures Coloradans will
benefit from Dishs success as a nationwide wireless competitor.
Under an agreement with Dish, the company will locate and
maintain its wireless headquarters at its Riverfront facility in Littleton for at least seven years. The company will also employ a minimum of 2,000 full-time employees working primarily on wireless at Dish facilities in Colorado including
Riverfront, and their Inverness and Meridian facilities in Englewood. In addition, Colorado will be among the first ten states where Dish plans to deploy 5G broadband services by 2023. Dish faces up to $20 million in penalties if it does not
meet its commitments to the state.
In a separate agreement with T-Mobile, Coloradans will benefit
from improved 5G coverage in the state, especially in rural areas. The New T-Mobile has agreed to the following commitments:
Statewide Network Build Commitment:
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Within three years of the closing date of the merger, New T-Mobile will
deploy a 5G network in Colorado with at least 68 percent of the Colorado population having access to download speeds equal to or greater than 100 Mbps, and at least 76 percent of the Colorado population having access to download speeds
equal to or greater than 50 Mbps.
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Within six years of the closing date, New T-Mobile will deploy a 5G
network in Colorado with at least 92 percent of the Colorado population having access to download speeds equal to or greater than 100 Mbps, and at least 93 percent of the Colorado population having access to download speeds equal to or
greater than 50 Mbps.
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