Wall Street Journal

T-Mobile closed its takeover of Sprint after a nearly two-year battle with federal and state authorities. The merger, worth about $31.8 billion based on T-Mobile’s closing stock price March 31, marks the end for Sprint as a company and a brand. The once-thriving network operator spent most of the past decade losing customers after a string of engineering and marketing missteps gave the upper hand to rivals, T-Mobile chief among them. The combination turns the US’ third and fourth-largest wireless carriers into a far more substantial third place competitor to Verizon and AT&T.