T-Mobile US and Sprint Corporation have agreed a $26bn all-stock deal to merge the two businesses, which will operate the T-Mobile brand.
The merger, which was more than four years in the making, brings together the third and fourth largest US wireless carriers, creating a company with 127 million customers.
The deal, which will be subject to approval by US regulators, would place the new T-Mobile ahead of rivals Verizon Communications, which has 116 million U.S. wireless customers, according to Reuters, and AT&T which has 93 million branded customers.
Analysts have cautioned that approval may be difficult to obtain, citing the Read full story ›
Source: The Drum
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