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Report: Sprint and T-Mobile closing in on $26 billion merger

T-Mobile logo.
Photo: Wodicka/ullstein bild via Getty Images

Sprint and T-Mobile are closing on a $26 billion merger that could be announced as soon as Sunday, CNBC reports.

Why it's a big deal: Because this would create the country's second-largest wireless carrier. Assuming, of course, that it passes regulatory muster.