The boards of Sprint Corp. and T-Mobile US Inc. have agreed to an all-stock merger that, if allowed by antitrust enforcers, would leave the U.S. wireless market dominated by three national players. The combined company would be controlled by T-Mobile parent Deutsche Telekom AG and run by T-Mobile CEO John Legere, the people said. The all-stock deal would combine Sprint, which has a market value of $26 billion, with T-Mobile, which has a market value of $55 billion, based on Friday's closing prices. The combined company would be controlled by T-Mobile parent Deutsche Telekom AG and run by T-Mobile CEO John Legere. The combined company would be controlled by T-Mobile parent Deutsche Telekom AG and run by T-Mobile CEO John Legere.

Source: Wall Street Journal April 29, 2018 16:41 UTC