Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. What people are talking about today: In a move that will shake up the U.S. wireless market, T-Mobile agreed Sunday to acquire rival Sprint for $26 billion. Ad Age’s George Slefo reports that the combined company, under the T-Mobile brand name, will be valued at $146 billion, including debt. The companies, currently the third- and fourth-largest carriers in the U.S., promise that the merger will accelerate deployment of 5G technology, lower prices for consumers and create new jobs.
Both companies will operate independently until the deal receives approval from regulators.
The brands are both major advertisers — T-Mobile U.S. reported ad spending of $1.8 billion in 2017 abnd Sprint $1.1 billion. Publicis Seattle has been T-Mobile’s agency of record for more than a decade, and helped create its “Un-Carrier” campaign. Sprint has an in-house agency, but also works with Droga5 and Horizon Media.
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