T-Mobile, Sprint Complete $26 Billion Merger

Mobile phone giant T-Mobile has completed its record-breaking deal to merge with former rival Sprint. The $26 billion deal, originally set to complete in May 2020, will make the two companies one entity under the T-Mobile brand.

“During this extraordinary time, it has become abundantly clear how vital a strong and reliable network is to the world we live in. The New T-Mobile’s commitment to delivering a transformative broad and deep nationwide 5G network is more important and more needed than ever and what we are building is mission-critical for consumers,” said Mike Sievert, president and CEO of T-Mobile. “With this powerful network, the New T-Mobile will deliver real choice and value to wireless and home broadband customers and double down on all the things customers have always loved about the Un-carrier. T-Mobile has been changing wireless for good — and now we are going to do it on a whole new level!”

In addition to the deal, T-Mobile has announced its plan to expand its 5G network to cover 99 percent of the United States over the next 6 years including 90 percent of rural communities where service is limited.

The merger will better position T-Mobile to compete with rivals AT&T and Verizon. Both companies are also working on plans to boost 5G across its networks

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