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Business News


NPR's Business News starts with a wireless merger. Sprint and T-Mobile have reportedly agreed on a $32 billion deal that would merge the nation's third and fourth largest wireless phone operators. Sprint and T-Mobile are trying to compete with two much larger companies, Verizon and AT&T. This deal would further consolidate the communications industry - comes after AT&T's proposed acquisition of DirecTV and Comcast's proposed merger with Time Warner Cable. The Sprint, T-Mobile deal will likely face scrutiny from antitrust officials at the Justice Department. Transcript provided by NPR, Copyright NPR.