Sprint, T-Mobile Deal
CBJ — T-Mobile and Sprint must convince antitrust regulators that there is plenty of competition for wireless service beyond Verizon and AT&T in order to gain approval for their $26.5 billion merger agreement.
The T-Mobile and Sprint merger would combine the third- and fourth-largest wireless companies in the U.S. and bulk them up to a similar size to Verizon and AT&T, the industry giants.
The combined company, to be called T-Mobile, would have about 127 million customers. Consumers worry a less crowded telecom field could result in higher prices, while unions are concerned about potential job losses.