T-Mobile will acquire Sprint in a $26 billion deal, combining the No. 3 and No. 4 wireless carriers in a long-awaited deal.
The combined company will be called T-Mobile and will employ 200,000 people. That’s more than the current headcounts of T-Mobile and Sprint combined.
The deal will still have to be approved by regulators, which has been an obstacle for T-Mobile in the past. Federal regulators blocked an AT&T (NYSE: T) takeover in 2012 and a $32 billion bid from Sprint (NYSE: S) in 2014.
Seattle Biz Journal
T-Mobile, Sprint announce merger