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Monday, April 30, 2018
T-Mobile acquires Sprint for $26 billion to take on AT&T and Verizon
T-Mobile has agreed to acquire Sprint for $26 billion and merge the two US-based carriers’ businesses, in an effort to compete with the likes of AT&T and Verizon – and roll out a nationwide 5G network in the next few years. The combined company, which will be known as T-Mobile and be headed by current T-Mobile CEO John Legere, promises to build the highest capacity network in the US. When the two firms finally complete the merger – regulators are yet to sign off on the deal – the combined company will have 100 million customers. In addition to building…
This story continues at The Next Web
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