T-Mobile and Sprint announce merger to win the war for 5G (TMUS)

This story was delivered to Business Insider Intelligence Apps and Platforms Briefing subscribers hours before appearing on Business Insider. To be the first to know, please click here. T-Mobile and Sprint announced Sunday that the two mobile carriers will merge. The new combined entity will be called T-Mobile and will have a wireless subscriber base of around 70 million, compared to 111 million Verizon subscribers and 78 million AT&T subscribers. When the merger takes effect the number of major mobile carriers in the US will shrink from 4 to 3. The announcement comes just five months after Sprint and T-Mobile officially called off the last attempts at a merger, and marks the third time in four years that the firms explored the idea of merging. There are two major shifts in the mobile carrier space that T-Mobile and Sprint are hoping to lead with their combined resources. First is 5G network development. Carriers, governments, and hardware makers are moving full steam ahead to deploy next generation mobile networks, an effort that T-Mobile and Sprint separately were lacking the resources to lead. The new combined company will be able to leverage a wider swath of spectrum holdings and infrastructure to lead 5G development. “The new T-Mobile will have the…

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