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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