Sprint and T-Mobile Agree To $26 billion All-stock Merger

If the FCC lets these two play through, the new company will be nipping at the heels of AT&T.

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For the third time, Sprint and T-Mobile are teaming up to create a new company. The two scrappy telecommunication companies bring in billions, but have been operating in the shadow of AT&T and Verizon in the US. This new $26 billion deal brings the two closer to competing with the biggest entities in the industry.

In the above video's description, you'll find this message:

"@TMobile CEO @JohnLegere and @Sprint CEO @MarceloClaure announce that our two companies have reached an agreement to come together to form a new company - one that will deliver lower prices, better service and the FIRST & BEST 5G nationwide network! Go to www.AllFor5G.com for key details."

As noted in the Apple Insider report, the merger would result in a much larger company but still come behind Verizon and AT&T in customer numbers. Verizon serves more than 150 million, AT&T reported 144 million at the end of the last quarter, and T-Mobile and Sprint combined comes to 127 million.

"This deal will create thousands of new jobs in the short term," says Sprint CEO Marcelo Claure in the video above. "And drive the broader economy across the country in the longer term."

While there's still a slim chance that the full deal could fall through, Sprint customers will still be allowed to use T-Mobile's network. At the least, that will be an improvement for Sprint users as both companies head back to the drawing board to try this all again. Stay tuned to Shacknews for more updates as they come in.

News Editor

Charles Singletary Jr keeps the updates flowing as the News Editor, breaking stories while investigating the biggest topics in gaming and technology. He's pretty active on Twitter, so feel free to reach out to him @The_CSJR. Got a hot tip? Email him at Charles.Singletary@Shacknews.com.

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