Mobile carriers T-Mobile, Sprint agree to US$26 bil. merger
- 6 years ago
After years of back and forth, U.S. telecoms giant T-Mobile announced Sunday that it has finally agreed to buy rival Sprint.
The all-stock merger is worth 26 billion U.S. dollars and needs approval from America's antitrust regulators.
Pundits believe the deal will go through because it will create thousands of jobs and also help the U.S. beat China to creating the next generation mobile network.
However critics say reduced competition in the American telecoms market could end up hurting consumers.
If the merger is confirmed, then T-Mobile will be positioned as a fierce rival to Verizon and AT&T.
The all-stock merger is worth 26 billion U.S. dollars and needs approval from America's antitrust regulators.
Pundits believe the deal will go through because it will create thousands of jobs and also help the U.S. beat China to creating the next generation mobile network.
However critics say reduced competition in the American telecoms market could end up hurting consumers.
If the merger is confirmed, then T-Mobile will be positioned as a fierce rival to Verizon and AT&T.