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Sprint CEO shifts role amid T-Mobile deal

Sprint CEO Marcelo Claure (right), seen here with T-Mobile CEO John Legere.
Sprint CEO Marcelo Claure (right), seen here with T-Mobile CEO John Legere. Photo: T-Mobile

Sprint said on Wednesday that it is shifting Marcelo Claure to the role of executive chairman, while elevating current CFO Michel Combes to chief executive. Claure, meanwhile, will also take on a new role as COO of Sprint majority owner SoftBank.

Why it matters: The move comes as Sprint is trying to sell itself to T-Mobile U.S. T-Mobile CEO John Legere is set to run the combined company, but the deal is still likely a year from approval, and that's assuming regulators sign off.