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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