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Sprint and T-Mobile merge, creating new wireless giant

Sprint and T-Mobile merge, creating new wireless giant
Posted at 12:41 PM, Apr 01, 2020
and last updated 2020-04-01 15:48:33-04

NEW YORK (AP) — Mobile carrier T-Mobile has completed its takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size.

The deal was announced two years ago and has taken a long time to close because of pushback from state and federal regulators.

T-Mobile will sell assets to satellite TV company Dish to try to set it up as a new wireless company.

Still, public-interest groups say the consolidated wireless market will cost consumers.

T-Mobile says the deal will benefit consumers and had promised regulators not to raise prices for three years.