Sprint and T-Mobile Agree to Merge
If Trump’s administration’s antitrust regulators let the $26.5 billion merger agreement between T-Mobile and Sprint, the U.S. wireless industry will be reduced to three major players. The two have been considering combining for years, but a 2014 attempt fell apart because of resistance from the Obama administration. If the companies are combined, it will be called T-Mobile and will have about 127 million customers. The combination would allow them to compete with both AT&T and Verizon better. The deal will have to be reviewed by both the FCC and Justice Department.
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