T-Mobile completes takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size.
The new company hopes to better compete with AT&T and Verizon after the $26.5 billion deal.
The companies announced the deal, valued at $31.6 billion based on T-Mobile's closing stock price Tuesday, two years ago. It has taken a long time to close because of pushback from state and federal regulators. State attorneys general sued to block the deal, saying it would add billions to consumers' wireless bills. A federal judge ruled for the companies in February.
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