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T-Mobile, Sprint to merge : CEOs

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T-Mobile, Sprint

US wireless operators Sprint and T-Mobile will form a new company and push development of a super-fast 5G network, the heads of both firms said Sunday.
The announcement came months after the two companies called off merger talks when they failed to clinch mutually agreeable terms.

“I’m excited to announce that @TMobile & @Sprint have reached an agreement to come together to form a new company — a larger, stronger competitor that will be a force for positive change for all US consumers and businesses!” T-Mobile CEO John Legere announced as part of a series of tweets about the tie-up.

T-Mobile, a division of Germany’s Deutsche Telekom, and Sprint — a subsidiary of Japan’s SoftBank — are at present the third and fourth largest US wireless operators, respectively.

Together they would have about 131 million subscribers, virtually matching second-ranked AT&T and posing stiff competition to market leader Verizon Communications.

Sprint chief executive Marcelo Claure also used Twitter to announce “some incredibly exciting news – @Sprint and @TMobile are joining forces.”

He said they will “combine to create the most disruptive U.S. carrier!”

In a video posted online the long-haired Legere and Claure, wearing a T-shirt, appeared side-by-side.

Legere said “the New @TMobile will be the ONLY company able to bring a broad & deep nationwide 5G network — something no US wireless company could achieve alone in the critical early years of 5G.”

In its first three years, the new firm will be able to invest around $40 billion, “nearly 50 percent more than both of us invested in the last three years,” he said.

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Meghan Markle’s Half-Sister Slams The Duchess For Ignoring Their Dad

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Meghan Markle

Meghan Markle’s half-sister, Samantha Grant, escalated a family feud with a series of angry tweets on her private account targeting the former actress.

“My father is not an embarrassment for loving his daughter! The Royals are an embarrassment for being so cold,” Grant wrote on Tuesday. “You should be ashamed of yourselves @KensingtonRoyal.” “How about you pay tribute to your own father?! Enough is enough,” Grant said. “Act like a humanitarian act like a woman! If our father dies I’m holding you responsible, Meg!”

Grant’s outburst occurred two days after Meghan’s father, Thomas Markle, told The Sun that he thought the new Duchess of Sussex looked “terrified” to be a royal and that she hadn’t spoken to him since the day after her wedding to Prince Harry.

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Cristiano Ronaldo Leaves Whopping £17850 Tip At Greek Hotel

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Cristiano Ronaldo

Cristiano Ronaldo has been sharing the wealth after his blockbuster move to Juventus by leaving a mega £17,850 tip for hotel staff at a luxury Greek resort.

The Portuguese superstar, 33, will pocket £500,000-a-week in Turin following his £99million transfer.

Following his country’s elimination from the World Cup in the last-16, he immediately headed to the stunning Costa Navarino resort in the Pelopnnese region of Greece after their exit.

According to The UK Sun, he was that impressed with the staff’s service he left them a huge cheque as a tip to thank them for their services before jetting to Italy for his unveiling.

The Juve man has asked the hotel management to split the figure equally among all the workers.

Ronaldo met with Juventus chairman Andrea Agnelli at the resort as he thrashed out his deal to join the Serie A giants during time away from relaxing with his friends and family.

A number of photos emerged of him enjoying the facilities as he dined with his girlfriend Georgina Rodriguez and those closest to him on an outdoor table at one of the hotel’s outdoor restaurants.

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Ghana’s Debt Hits GH¢154bn; Reaches 63.8% Of GDP

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The Finance Minister Ken Ofori Atta has revealed that Ghana’s public debt has hit GH¢154 billion, representing 63.8% of GDP as at May 2018.

This is a reduction from the 73.3 percent recorded in December 2016. The total debt stock in 2016 was at GH¢122.6 billion cedis.

This means that the debt stock has almost hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned against.

The data shows that in September 2017, Ghana’s debt stood at 138.9 billion cedis representing 68.1%; the figure dropped to GH¢137.6 billion cedis in October representing 67.4%.

But in November 2017, it went up to GH¢139 billion cedis representing 68.1 percent.

The domestic component of debt as at December 2017 stood at GH¢66.7 billion cedis, while the foreign debt stock was at GH¢75.8 billion cedis.

Mr. Ofori Atta presenting the mid-year budget review to Parliament added that “Total revenue amounted to 7.2% of GDP against a target of 7.8% of GDP…provisional data indicates that total revenue amounts to GH¢17.4 billion of GDP.”

According to the Finance Minister, “the overarching goal of our macroeconomic policy is to deepen macroeconomic stability, grow the economy, create jobs and ultimately move the country beyond aid.”

“We anticipate that at this rate, if remedial actions are not triggered, the resulting end-year Total Revenue and Grants would amount to GH¢49,610.4 million (20.5% of GDP) or 2.8 percent lower than the original Budget target of GH¢51,039.1 million (21.1% of GDP).

“The revised fiscal outlook for which Budget implementation will be guided by for the remainder of the 2018 fiscal year indicates that, Total Revenue and Grants will amount to GH¢50,686.2 million, 0.7% lower than original 2018 Budget estimate of GH¢51,039.1 million.”

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