T-Mobile and Sprint finally agreed to a massive telecom merger after years of negotiations punctuated by two breakups.
The agreement would leave just three major wireless carriers in the United States and must clear antitrust regulators. The combined company, which will take on the name T-Mobile, would be positioned as a fierce competitor to Verizon and AT&T.
T-Mobile CEO John Legere, who will head the merged company, said on a conference call Sunday that the firm plans to deliver “the highest capacity network in US history.”
He said the company will hire thousands of people in a bid to create a nationwide network that will position the United States as the leader in providing 5G connectivity.
A recent report from research firm Analysys Mason suggests it’s China and South Korea, not the United States, that are currently leading 5G development.