After many months of talks between the two wireless carriers, Sprint and T-Mobile have reached a deal to merge and become the new T-Mobile.

Current T-Mobile CEO John Legere will become the overall CEO of the new T-Mobile. The current COO of T-Mobile, Mike Sievert will take over a President and Chief Operating Officer. Marcelo Claure will not be getting a position on T-Mobile’s executive team but will be sitting the company board. Concerning ownership, T-Mobile’s owner Deutsche Telekom receives 42%, and Sprint’s owner SoftBank will get 27%.

Sprint and T-Mobile merging is a big deal for both the wireless sector and the United States. It will be a big three instead of a big four for wireless carriers. Along with the many MVNOs and pre-paid carriers that are throughout the country.

T-Mobile CFO Braxton Carter, left, is all smiles with Sprint CFO and President Michel Combes, T-Mobile CEO John Legere and Sprint CEO Marcelo Claure as they share details Sunday April 29, 2018, in New York during a call announcing the companies will combine to create America’s highest capacity mobile network.

It seems that T-Mobile and Sprint together will deliver lower prices and more value, as well as an increased rollout of a 5G network. They have trailed behind Verizon and AT&T with coverage and with subscribers as separate carriers. Combining both delivers a larger network team which should make for better coverage and a more consistent experience.

Sprint and T-Mobile customers together on one network equals over 100 million customers. Undoubtedly they will be doubling down on the Un-Carrier moves, and they very well might make a more significant dent outside of just telecom. Likely moving into other sectors like broadband and video.

An agreement to merge doesn’t guarantee the deal will be successful; it needs to get approval. And given what has happened to the prospective AT&T and Time Warner merger, it could be a long road ahead of Sprint and T-Mobile.

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