SPRINT MAY SOON be no more. Today the venerable telecommunications company announced plans to merge with T-Mobile in an all-stock deal. If regulators give the go-ahead, the new company will be called simply T-Mobile, and T-Mobile’s current chief executive officer John Legere will be its CEO.

That’s a big if. Although the Trump administration is generally seen as more friendly to the telco industry than the Obama administration was, it has taken issue against some mega-mergers, most notably AT&T’s bid for Time Warner. The combination of T-Mobile and Sprint, the third and fourth largest mobile providers respectively, would bring the number of major cellular carriers down from four to three, which could attract a lot of scrutiny.

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