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T-Mobile to buy Sprint in $26.5 billion deal
T-Mobile US agrees to acquire Sprint for 26.5 billion in stock, forming a combined company with about 74 billion in annual revenue and 70 million subscribers. Deutsche Telekom will own 42 percent, SoftBank 27 percent, and Mike Sievert will be president and COO. The merger aims to create a stronger 5G network, with anticipated synergies around 43 billion and significant job growth in network roles.
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