T-MOBILE AND SPRINT HAVE MERGED, DEAL WORTH 26 BILLION
T-Mobile and Sprint have decided to merge after years of trying to strike a deal. The merger is worth an all-stock deal of $26 billion dollars and executives are promising to hire thousands of people in order to create a nationwide 5G network.
T-Mobile CEO John Legere told reporters on a conference call Sunday that the company plans to deliver "the highest capacity network in US history." He tweeted the announcement below:
Sprint and T-Mobile first discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration. The companies expected to have a better shot at the merger under the Trump administration.