T-Mobile and Sprint officially complete merger

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Two years after T-Mobile and Sprint announced their merger...

setting off numerous battles in the courts...

and intense scrutiny on Capitol Hill from lawmakers worried the combination would drive wireless prices higher...

America's No. 3 and 4 wireless carriers on Wednesday finally officially completed their $23 billion merger.

The combined company will now operate under the T-Mobile name and trade on the Nasdaq under the symbol TMUS.

The never-camera-shy CEO of T-Mobile John Legere is stepping down effective immediately. He was originally scheduled to leave at the end of the month.

The deal closed after a Federal judge on Wednesday signed off on the Justice Department's okay of the merger, including the order to sell assets to Dish Network.

And T-Mobile and Sprint went ahead and agreed to abide by any conditions set forth by a final decision from the California Public Utilities Commission, that will come out on April 16th.

The marriage creates a stronger competitor to AT&T and Verizon in the race to roll out 5G wireless technology.

Shares of the new T-Mobile managed to hold a gain Wednesday amid a general stock market slump.

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