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Sprint and T-Mobile to combine

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The AP:

T-Mobile and Sprint have struck a deal that could reshape the U.S. wireless landscape, bringing it down to three major cellphone companies.

T-Mobile on Sunday closed a $26.5 billion agreement to merge with Sprint, upping Sprint’s market value to $6.62 per share, CNBC reported.

 The deal will help the companies slash costs and could make them a stronger competitor to the larger AT&T and Verizon. But consumers might see higher prices because the combined company wouldn’t have to offer as many promotions to lure customers.


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