Sprint and T-Mobile have moved yet another step closer to a merger, and it could lead to consumers paying more for wireless plans.
A federal judge in New York on Tuesday approved the $26.5-billion merger of the third- and fourth-largest wireless carriers, creating a much larger rival to AT&T and Verizon.
“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done,” said T-Mobile CEO John Legere in a statement.
Both companies say joining forces will benefit consumers by expanding access to next-generation 5G cellular networks and offer better service nationwide. The merger will also create new jobs, the companies said, adding more than 3,500 additional full-time U.S. employees in the first year and 11,000 more people by 2024.