T-Mobile Seals Blockbuster Sprint Merger Deal, Creating a 'Fierce Competitor' to AT&T, Verizon - NBC10 Boston
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T-Mobile Seals Blockbuster Sprint Merger Deal, Creating a 'Fierce Competitor' to AT&T, Verizon

If approved, the combined T-Mobile would have an estimated 120 million subscribers

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    T-Mobile Seals Blockbuster Sprint Merger Deal, Creating a 'Fierce Competitor' to AT&T, Verizon
    Richard Levine/Corbis via Getty Images, File
    This 2011 file photo shows the T-Mobile and Sprint Nextel cellular phone stores in New York.

    Sprint and T-Mobile have sealed a blockbuster merger agreement, producing a telecom behemoth that values the combined company at $146 billion, the two carriers announced on Sunday.

    The proposed all-stock deal values Sprint at about $59 billion and the combined company at $146 billion, including debt, CNBC reported. Without debt, the combined company is valued at $26.5 billion.

    The new company — which is touting an ability to create a large scale 5G network and thousands of U.S. jobs — will preserve T-Mobile's name, and will have dual headquarters in Bellevue, Wash. and Overland Park, Kan. John Legere, T-Mobile's current CEO, will retain the top job in the newly formed company.

    If approved, the combined T-Mobile would have an estimated 120 million subscribers, but would be better positioned to compete against the two largest U.S. carriers, Verizon and ATT, both of which have more than 100 million subscribers each.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)