Sprint, T-Mobile's latest merger plan puts regulators on spot

Sprint and T-Mobile storefronts in New York City. Photo: wolterfoto/ullstein bild via Getty Images

Reports that Sprint and T-Mobile are, once again, close to a merger raise key questions about regulatory approval and what the deal means for consumers.

Why it matters: Despite a few false starts, Wall Street sees the deal as inevitable, as the smaller wireless carriers struggle to compete against their larger rivals, AT&T and Verizon. The combination of Sprint and T-Mobile would would remove one of the four national carriers from the market, something Obama-era regulators opposed.