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T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

The agreement capped four years of on-and-off talks between the third and fourth largest U.S. wireless carriers, setting the stage for the creation of a company with 127 million customers that will be a more formidable competitor to the top two wireless players, Verizon Communications Inc and AT&T Inc. U.S. regulators, who have challenged in court AT&T’s $85 billion deal to buy U.S. media company Time Warner Inc, are expected to grill Sprint and T-Mobile on how they will price their combined wireless offerings. …read more […]

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The Latest: Trump, others give thumbs-down to dinner’s roast

The reviews are in: President Donald Trump is giving a thumbs-down to the comedian who roasted his chief spokeswoman at the annual White House Correspondents’ Association dinner. Comedian Michelle Wolf is known as a contributor on Comedy Central’s “The Daily Show With Trevor Noah.” But some of her jokes drew gasps and groans. A series of barbs about White House press secretary Sarah Huckabee Sanders, as Sanders sat just feet away, seemed to spark the most outrage. …read more […]

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Steel industry braced for fresh crisis as US tariff fears grow

British and European steel makers are bracing for a fresh crisis in the industry unless the US backs down from its protectionist stance and extends an exemption on import tariffs. The US granted temporary relief to European producers from 25pc tariffs on steel and 10pc levies on aluminium as Donald Trump, the US president, introduced the measure in a move widely seen as targeting imports from China. However, the exemption runs out on Tuesday. Wilbur Ross, the US commerce Secretary, said over the weekend that administration planned to extend the relief to some countries, but not all, and refused to …read more […]

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Business News

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) – T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

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IT'S OFFICIAL: T-Mobile and Sprint are coming together to form a $146 billion new company to take on Verizon and AT&T

It’s official: T-Mobile and Sprint are merging, with the combined company valued at $146 billion. Current T-Mobile chief executive officer, John Legere, will serve in that same role for the merged entity, which will also retain the T-Mobile name. The deal will likely draw close scrutiny from antitrust regulators, considering how difficult the Trump adminstration has made approval for AT&T and Time Warner’s attempted merger. …read more […]