Sprint and T-Mobile agree to combine in $26.5 billion deal
April 29, 2018
NEW YORK (AP) — T-Mobile and Sprint reached a $26.5 billion merger agreement Sunday that would reduce the U.S. wireless industry to three major players — that is, if the Trump administration's antitrust regulators let the deal go through.
The nation's third- and fourth-largest wireless companies have been considering a combination for years, one that would bulk them up to a similar size as industry giants Verizon and AT&T. But a 2014 attempt fell apart amid resistance from the Obama administration.
The combined company, to be called T-Mobile, would have about 127 million customers. Cons...