T-Mobile And Sprint Announce Merger Agreement

NEW YORK – The nation’s third and fourth largest wireless companies reached a $26.5 billion merger agreement Sunday and pending approval by federal regulators, would reduce the U.S. wireless industry to three major players. 

T-Mobile and Sprint have been in talks since 2014 but quit on the talks because the Obama administration would not let it go through.
Verizon, AT&T, T-Mobile, and Sprint are in heated competition, trying to win over each others’ subscribers.

 The companies said they expect the deal to close by the first half of 2019 and would result in about $6 billion in annual cost savings.