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T-Mobile, Sprint CEOs say 5G makes the case for deal

Sprint and T-Mobile CEOs sit on chairs next to a big graphic that says 5G for all
Sprint and T-Mobile's chief executives announced the deal in a video Sunday. Screenshot: Axios

T-Mobile and Sprint executives said that the coming together of tech and media, along with the looming arrival of 5G networks necessitate their combination. The companies also said a deal will create jobs, not kill them.

Why it matters: The companies face a tough battle to convince regulators to allow them to merge, reducing the number of national cell phone providers from four to three.