T-Mobile Agrees to Acquire Sprint for $26 Billion

As hinted by earlier reports, T-Mobile is, indeed, buying Sprint: the third and fourth largest carriers will be combining under an all-stock, $26 billion deal. US regulators are expected to grill both companies on how they will price their combined wireless offerings.

The breakthrough in the companies’ negotiations, first reported by Reuters on Thursday, came after T-Mobile majority-owner Deutsche Telekom AG and Japan’s SoftBank Group Corp, which controls Sprint, agreed on a structure that will allow Deutsche Telekom to continue to consolidate the combined company, which will have a market value of over $80 billion, on its books.

Read more at Reuters