After several years, many talks and negotiations and two walkways, T-Mobile and Sprint, the nation’s third and fourth largest cellular providers, have finally agreed to merge.
The $26 billion deal would effectively merge the two companies and give the company a fighting chance against AT&T and Verizon.
The combined company would be called T-Mobile, and the current T-Mobile CEO, John Legere, will be the CEO. Combined, T-Mobile and Sprint have about 130 million users.
Legere said in a conference call Sunday that the company plans to deliver “the highest capacity network in US history.”
He said the company will hire thousands of people in an attempt to create a network that will position the United States as the leader in providing 5G connectivity.
The merger will make Verizon and AT&T step up their game, and could reduce prices around the board, claimed a spokesperson.
It is still unknown whether the government will block the merger.