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How a T-Mobile-Sprint merger could jolt wireless

As Wall Street prepares for a possible frenzy of mergers thanks to the end of a federal airwaves auction, there's one that analysts expect could be announced any day: a proposed marriage of underdog carriers T-Mobile and Sprint.

Why it matters: Going from four nationwide carriers to three will reshape the wireless market, and opponents of the deal argue it would bring big change for consumers, such as higher prices. It would also force regulators to revisit the issue of whether three providers is enough to sustain a healthy market, three years after the Obama-era Justice Department and the FCC made clear that such a deal would be a tough sell.