T-Mobile and Sprint hope to dominate competitors under new merger deal

Bellevue, WA-- After years of negotiations, and a little beef, it seems T-Mobile and Sprint have finally called a truce, agreeing to a $26 billion merger.

The combined company, headed by T-Mobile CEO John Legere, will be a fierce competitor to Verizon and AT&T.

"Together, we will build the highest capacity mobile network in U.S. history, with 30 times more capacity than T-Mobile today and speeds that are up to 100 times faster. This is the kind of network needed to fuel the next wave of mobile internet innovation in the United States," T-Mobile CEO John Legere said in a video he posted to Twitter.

Legere also says the merger will help america, as a whole, become more competitive when it comes to technology; creating a brand new 5-g network.

On top of that, he promises thousands of new jobs, too!

It sounds like a winner, but some experts say this type of deal could really hurt the market.

"That means there`s more incentive for the new combined company to work in coordination with AT&T and Verizon to raise rates, to lower day caps. It`s kind of like the gas stations on each corner - when one of them raises price, all the other do the same," Senior Adviser to the Former FCC Chair Gigi Sone said.

It's not clear if the merger will even go through at this point. If it is, the deal could be finalized about this time next year.