T-Mobile, Sprint complete merger

T-Mobile announced Wednesday that its merger with Sprint has been completed, wrapping up a multiyear process rife with legal challenges.

As part of the $26 billion merger, longtime T-Mobile CEO John Legere will step down and be replaced by Mike Sievert, T-Mobile’s president.

“During this extraordinary time, it has become abundantly clear how vital a strong and reliable network is to the world we live in,” Sievert said in a statement.

“The New T-Mobile’s commitment to delivering a transformative broad and deep nationwide 5G network is more important and more needed than ever and what we are building is mission-critical for consumers,” he continued.

The new company will retain the name T-Mobile, and Legere will continue to serve on the board.

The final hurdle to merge the country’s third- and fourth-largest wireless providers was cleared in February when a federal judge dismissed a lawsuit from 15 state attorneys general (AGs) seeking to block the merger.