T-Mobile and Sprint reach deal to merge, creating $146B rival to AT&T and Verizon

John Legere
T-Mobile CEO John Legere will lead the combined company. (GeekWire File Photo)

BREAKING NEWS: After years of on-again, off-again talks, wireless rivals T-Mobile and Sprint plan to merge in a deal that value the combined company at $146 billion, aiming to create a much stronger competitor to AT&T and Verizon, the giants of the wireless industry.

The combined company will be named T-Mobile, with current T-Mobile CEO John Legere at the helm. The “New T-Mobile,” as it’s called in a news release, will have its headquarters in Bellevue, Wash., where T-Mobile is based, along with a “second headquarters” in Sprint’s home of Overland Park, Kan.

Developing story, more to come.