Why a T-Mobile-Sprint merger could be ‘devastating’ for consumers

A proposed merger between Sprint S, +8.33% and T-Mobile US Inc. TMUS, +0.66% is back on the table — and for consumer’s that is certainly something to phone home about.

The two companies are planning to complete merger talks as soon as next week, unnamed sources told Reuters, after renewing those talks earlier this month.

Speculation had previously mounted about a potential merger in September, months after Bloomberg originally reported “informal contact” between the two companies last May. But Japanese telecommunications firm SoftBank Group Corp., which owns more than 80% of Sprint’s shares, announced back in October that it would cease its efforts to merge the wireless carrier with T-Mobile.

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