T-Mobile US has agreed to acquire Sprint in a $26 billion deal. This is the third time in the last four years the two companies have attempted to combine, according to The Wall Street Journal.
Here are four things to know about the proposed transaction.
1. Under the all-stock deal, which will likely face regulatory challenges, T-Mobile would take control of Sprint. The two companies hope to achieve billions in savings by combining operations, according to the report.
2. T-Mobile CEO John Legere would lead the combined company.
3. T-Mobile and Sprint said the combined company would add approximately 80,000 full-time U.S. employees if the deal closes. "This is one of those few mergers that are actually going to be net job positive from the get-go," Sprint CEO Marcelo Claure told The Wall Street Journal. "We're going to go build an amazing network that is good for the economy."
4. At the end of 2017, T-Mobile and Sprint had approximately 59 million customers and 41 million customers, respectively. The companies' major rivals, Verizon Communications and AT&T, reported roughly 116 million customers and 93 million customers, respectively.
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