AP

Sprint said it added 42,000 monthly subscribers in the first quarter of 2017 and continued to cut costs to narrow its losses, which it says gives the company the luxury of being patient when evaluating potential merger partners.

The No. 4 national wireless carrier has struggled to compete against larger rivals, fueling speculation that it will seek to merge with No. 3 carrier T-Mobile now that the FCC's quiet period for M&A discussions has ended.

  • Open to M&A: Softbank's Masayoshi Son, who is Chairman of Softbank-owned Sprint, said he is open to many different options in terms of mergers or acquisitions, but stressed that Sprint is operating self-sufficiently and is "not in a rush."
  • More spectrum, less spending: Sprint said it spent the lowest in terms of capital expenditures of its competitors. It has a large amount of high-band spectrum that will be key to building out 5G service on a network with millions of cell sites to create more additional capacity for mobile broadband.
  • Fierce 5G competition: 5G is the next wireless frontier and all four major national carriers are tackling it differently with their various spectrum holdings. AT&T and Verizon are testing out a home-broadband-like service and both are trying to buy more high-band spectrum for 5G offerings. T-Mobile spent $8 billion to buy spectrum at an FCC auction to build out it's own 5G network.

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Illustration: Sarah Grillo/Axios

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Brazil coronavirus death toll tops 100,000 and case numbers surpass 3 million

Brazilian President Jair Bolsonaro posted a photo of himself to Facebook congratulating his soccer team, Palmeiras, for winning the state title Saturday, moments after the health ministry confirmed the national COVID-19 death toll had surpassed 100,000.

Why it matters: Brazil is only the second country to confirm more than 100,000 deaths from the coronavirus. On Sunday morning, it became the second country to surpass 3 million cases, per Johns Hopkins. Only the U.S. has reported more. Bolsonaro has yet to address the milestones. He has previously tested positive for COVID-19 three times, but he's downplayed the impact of the virus, which has crippled Brazil's economy.

Editor's note: This article has been updated with the latest coronavirus case numbers and more context.

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Republicans and Democrats react to Trump's coronavirus aid action

President Trump speaks to workers at a manufacturing facility in Clyde, Ohio, on Thursday. Photo: Scott Olson/Getty Images

Some Republicans joined Democrats in criticizing President Trump Saturday night for taking executive action on coronavirus aid, with Democratic leaders demanding the GOP return to negotiations after stimulus package talks broke down a day earlier.

Why it matters: Trump could face legal challenges on his ability to act without congressional approval, where the constitutional power lies on federal spending. Sen. Ben Sasse (R-Neb.) was the most vocal Republican critic, saying in a statement: "The pen-and-phone theory of executive lawmaking is unconstitutional slop."