Sprint & T-Mobile Officially Agree to Merge





couple of people texting on phone

After years of on and off again talks today Sprint and T-Mobile officially announced plans to merge. The deal is reported to be worth $26 billion and will value Sprint near its current share price of $6.50.

“I’m excited to announce that @TMobile & @Sprint have reached an agreement to come together to form a new company — a larger, stronger competitor that will be a force for positive change for all US consumers and businesses! Watch this & click through for details.” said T-Mobile CEO John Legere, in a tweet Sunday.

Exact details of the merger deal have yet to be announced. One of the main issues has been that Deutsche Telekom owns 63% of T-Mobile. According to reports, Deutsche Telekom is unwilling to give up control. If any merger happens Deutsche Telekom wants to retain control over the new company. Now it looks like they have worked through that speed bump.

A merger of this size will face tough scrutiny especially from the Department of Justice.

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.