Now T-Mobile has agreed to buy Sprint, the U.S. wireless industry is about to be dominated by three major players. But how did we go from the days of one giant landline monopoly to four competitive cell companies? Illustration: Shaumbe Wright/WSJWASHINGTON—Federal Communications Commission Chairman Ajit Pai said he would back the more than $26 billion combination of cellphone carriers T-Mobile US Inc. and Sprint Corp. after the companies agreed to a package of concessions. The agreement assures one key government approval for the merger, though antitrust hurdles remain. “Two of the...

Source: Wall Street Journal May 20, 2019 13:09 UTC