T-Mobile agrees to buy Sprint in $26 billion deal

A T-Mobile store in San Francisco.
(Image credit: Justin Sullivan/Getty Images)

T-Mobile announced on Sunday it has reached a $26 billion deal to buy Sprint.

T-Mobile and Sprint are the third- and fourth-largest wireless companies in the United States. They tried to merge in 2014, but there was resistance from the Obama administration. Under the deal, T-Mobile CEO John Legere will lead the combined company, and it will keep the name T-Mobile. The companies said they want to hire more employees after the merger, especially in rural areas, and will focus on developing faster 5G networks. This will affect 127 million customers.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.