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A passenger boards a bus featuring 5G network service in March in Nanning, China. Photo: Yu Xiangquan/VCG via Getty Images

Sprint CEO Michel Combes and and T-Mobile CTO Neville Ray have a message for Washington: If you want to beat China in the 5G race, you'd better approve our merger.

Why it matters: The $26 billion deal that would combine the 3rd and 4th largest U.S. wireless carriers has been waiting on federal approval for almost a year now.

  • The companies shrewdly seized on all the fretting over China's threat to make the following case to telecom regulators: Sure, you'll lose one wireless competitor in the U.S., but you'll gain a stronger global competitor that can help the nation stay ahead of its 5g nemesis.
  • "The race has barely begun. There's going to be an intense phase of running this race and investment in these networks. You've heard about the resources needed to do that. We're up against formidable competition. The Chinese machine has incredible momentum," Ray told a room full of wireless lobbyists (as well as a few FCC staffers).

Sprint has a boatload of mid-band spectrum that complements T-Mobile's low-band and millimeter wave spectrum. Combining financial resources would allow the companies to build faster, Ray said. "It's not '1+1=2,'" he said. "It's 1+1=4."

  • On Thursday, T-Mobile CEO John Legere pledged to add at least 11,000 more jobs by 2024.
  • Also on Thursday, the FCC restarted the merger review shot clock, which now runs out in early June. (Be smart: The shot clock is just a goal, not a binding deadline.)
  • NEC Director Larry Kudlow also reiterated the Trump administration's support for a market-based approach to deploying 5G.

Reality check: Verizon and AT&T are moving full-speed ahead on their own 5G deployments, and Verizon flipped the switch on commercial 5G service in Minneapolis and Chicago this week.

  • "We have all we need to compete against China," Verizon President Ronan Dunne told Axios when asked about his competitors' pitch. "That's not to say we should be complacent, but I don't see any evidence to say we are hamstrung in our ambitions to lead not just in the U.S. but to lead the world."

Go deeper

Updated 15 mins ago - Sports

Olympics dashboard

Italy's Lamont Marcell Jacobs of Team Italy crosses the finish line ahead of American Fred Kerley in the men's 100m final on day nine of the Olympic Games at Olympic Stadium in Tokyo, Japan, on Sunday. Photo: Cameron Spencer/Getty Images

🚨: IOC "looking into" American Raven Saunders' Olympic podium gesture

🏃🏾: Italy's Lamont Marcell Jacobs: Reconnecting with U.S. father "gave me the desire to win" Olympic 100m sprint race.

🥇High jumpers persuade Olympic officials to let them share gold

🏌️‍♂️: Golfer Xander Schauffele wins gold for U.S. by one shot

🤸🏿‍♀️: Simone Biles won't compete in Olympic floor finals, individual vault or uneven bars

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletes — Trans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage

Updated 27 mins ago - Sports

IOC "looking into" American Raven Saunders' Olympic podium gesture

Team USA's Raven Saunders gestures on the podium with her silver medal after competing in the women's shot put event during the Tokyo 2020 Olympic Games at the Olympic Stadium in Tokyo on Sunday. Photo: Ina Fassbender/AFP via Getty Images

The International Olympic Committee is "looking into" U.S. shot-putter Raven Saunders' gesture on the Tokyo Games podium after she won a silver medal, IOC spokesperson Mark Adams told reporters Monday.

Why it matters: Saunders told AP she placed her hands above her head in an "X" formation while on the podium to stand up for "oppressed" people. The IOC has banned protests during the Tokyo Games.

Updated 2 hours ago - Sports

Olympic sprint champ Jacobs: Reconnecting with U.S. dad "gave me desire" to win

Italy's Lamont Marcell Jacobs celebrates as he crosses the finish line to win the men's 100m final during the Tokyo 2020 Olympic Games at the Olympic Stadium in Tokyo on Sunday. Photo: Ben Stansall/AFP via Getty Images

Italy's surprise 100-meters Olympic gold medalist Lamont Marcell Jacobs opened up Sunday about how reconnecting with his American father over the past year has helped spur him on.

What he's saying: The Texas-born sprinter told reporters after setting a European record of 9.80 seconds to win gold in Sunday's event that getting back in touch with his father "gave me the desire, the speed, that something more that helped me being here and win the Olympics."