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T-Mobile & Sprint Reportedly Reach Deal With US Regulators to Merge

Today T-Mobile and Sprint announced several changes to their $26 billion merger deal. According to reports these changes are apart of a deal to get approval for their merger according to CNBC.

On T-Mobile’s website pushing for the merger they say: “It is absolutely imperative that the U.S. extends the global innovation, technology and economic leadership it seized during the 4G era. It is easy to forget now, but the 4G revolution unleashed innovation that led to the modern economy we interact with every day. Lyft, Uber, Snapchat, Tinder, Venmo, Square, Instagram…these are companies that simply do not exist without 4G. But 4G didn’t just create a herd of unicorns. Global leaders such as Facebook, Alphabet, Amazon, and Netflix adapted their businesses and their growth exploded!”

Sprint CEO announced the news TV with the following statement:

CFF’s Chairman also announced that he is recommending approving the T-Mobile/Spring merger. That removes a major hurdle in the proposed Spring and T-Mobile merger.

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