Sprint and T-Mobile have announced that they will merge

4k 🔥       economy and finances

The number of major wireless carriers in the United States could shrink from four to three. Sprint and T-Mobile have announced that they intend to merge. The merger will need to be approved by regulators and the company’s shareholders. The combined company will be based in Bellevue Washington and will be called T-Mobile. Current T-Mobile CEO John Legere will run the combined company, while T-Mobile COO Mike Sievert will become the new company’s COO and President. T-Mobile’s majority owner Deutsche Telekom will hold a 42 percent stake in the company, while Sprint majority owner SoftBank will hold 27 percent, with public stakeholders holding the rest.

The Verge     Apr 29, 2018